EMPLOYEE FAQs
| Life Insurance |
| Back to Employee FAQs |
| Q. |
What amount of basic, employer-paid life insurance coverage is provided? |
| A. |
The basic life insurance coverage will increase to $15,000. |
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| Q. |
What is the maximum amount of supplemental life insurance coverage available? |
| A. |
As a new employee you may choose a coverage amount of up to three times your annual salary or $300,000, whichever is lower in multiples of $5,000. |
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| Q. |
Is dependent life insurance offered through the state? |
| A. |
Yes, the state does offer dependent life insurance to employees. Dependent life is offered in increments of $2,000, $4,000, $6,000, $12,000, or $15,000. |
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| Q. |
May I increase my life insurance? |
| A. |
You may increase your supplemental life insurance up to $20,000 a year as long as the amount remains under three times your salary |
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| Q. |
When can I increase my life insurance? |
| A. |
You can increase your life insurance at Open Enrollment or when you have a qualifying life event (QLE) such as marriage, birth, adoption, placement for adoption, guardianship, or change in custody (natural or step-children). |
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| Q. |
May I decrease my life insurance? |
| A. |
Yes, you may decrease your life insurance down to $35,000 at anytime. You can also decrease your supplemental life insurance when you have a qualifying life event (QLE) such as marriage, divorce, legal separation, annulment, death of spouse, birth, adoption, placement for adoption, guardianship, or change in custody (natural or step-children), death of dependent or removal of a foster child, removal of custody or guardianship. |
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