1421 - Supplemental Life Insurance (Historical View)

** Effective: 11/21/2016 3:22:42 PM - 11/30/2016 8:55:55 AM **

Status: Active

Change Notes

Updated table-1.

Category

Benefits and Insurance

Audience List

Synopsis

This policy

Introduction

Supplemental Life Insurance is offered at a charge and is provided to excluded employees who are already enrolled in the Basic Group Term Life Insurance Program.  Supplemental Life Insurance also includes Optional Accidental Death and Dismemberment Insurance (OAD&D) for participants, their spouse or domestic partner, and children.

The California Department of Human Resources (CALHR) Benefits Division maintains responsibility for the program.  The carrier for the Supplemental Life Insurance Program is MetLife.

Statement

Eligibility

Employees enrolled in the employer provided Basic Group Term Life Insurance are eligible to apply for additional supplemental life insurance.  For specific eligibility information, refer to policy Section 1415 Basic Group Term Life Insurance.

Supplemental Life Insurance Coverage

Eligible employees may apply for supplemental coverage at any time.  Employees may elect coverage amounts in increments of $10,000, not to exceed $750,000, or eight times their basic annual earnings, whichever is less.  Monthly premiums are based on an employee's age and are adjusted annually on January 1 of each contract year.

Employee Monthly Costs per $10,000 of coverage

Employee monthly costs of coverage

Age

Rate

<25

$  0.60

25-29

$  0.64

30-34

$  0.78

35-39

$  0.85

40-44

$  1.05

45-49

$  1.50

50-54

$  2.22

55-59

$  4.02

60-64

$  6.09

65-69

$11.58

70-74

$18.69

75+

$29.04

Supplemental Coverage for Dependents

Employees can also purchase dependent coverage for their spouse or registered domestic partner and dependent child(ren) up to age 23 at any time, in the following amounts, at a flat monthly rate based on the employee’s age.

Spouse/Domestic Partner/Child(ren) Flat Monthly Cost of Coverage

Flat monthly cost of coverage

Spouse/Domestic Partner

Child(ren) Coverage

Employee Under 65

Employee Over 65

$  7,500

$7,500

$  1.85

$  7.25

$15,000

$7,500

$  3.71

$14.51

$25,000

$7,500

$  6.18

$24.18

$50,000

$7,500

$12.35

$48.35

Eligible dependent child(ren) from birth to six months will be insured for the amount of $750.

Annual Age Update

In December, consistent with plan provisions, MetLife conducts an annual age audit to determine if a premium increase is necessary based on the employees age, salary, and/or policy amount.  MetLife will notify the affected employees of any premium increase.

Premium changes take effect January 1st and are reflected in the employee’s December pay period.

Departments are responsible for communicating this information to their excluded employees prior to December.

Administrative Fee

There is an administrative fee of  $0.50 cents per month.

Retirees

Active state employees who currently have Supplemental Life Insurance can continue coverage into retirement.  Employees cannot apply for Supplemental Life Insurance at or after retirement.

At age 65 Supplemental Life Insurance is reduced by 50 percent, then to a flat amount at age 70.

Administrative Fee for Retirees

There is an administrative fee of $0.45 cents per month.

Questions

Questions regarding the Supplemental Life Insurance program or how to continue the Supplemental Life Insurance into retirement may be directed to MetLife at 1-800-252-8524.

 

Application

Not Applicable.

Authorities

Resources

Forms

PML

Related Policies

Web Pages

Authorized By

Desi Rodrigues
Program Manager, Benefits Division

Contact Person

Monica Hernandez
Benefits Program Analyst, , Benefits Division
Phone: 916-324-0533
Fax: 855-238-3276
Email: monica.hernandez@calhr.ca.gov

Superseded Policies

Not Applicable.