There are several life insurance options available. Standard Life Insurance, Optional Life Insurance #1, Optional Life Insurance #2.  For Eligible Dependents there is Optional Dependent Life, Optional Dependent Life #2, Optional Dependent Life #3, and Optional Dependent Life #4.

• Standard Life (Available to Employees Only)
  This option provides life insurance volume determined by your annual salary. Your volume of insurance is determined by rounding your annual salary to the next highest thousand dollar and adding $2,000 dollars (i.e. $14,358 = $15,000 +$2,000= $17,000 of life insurance) Enrollment in this initial layer of life insurance is a pre-requisite to enroll in the Optional Life and Optional Dependent Life plans. If you do not enroll in the Standard Life insurance plan, there are no other options available to you. Rates for this insurance are determined by your annual salary and are shared equally by your employer.
  

• Optional Life Insurance #1 (Available to Employees Only)
  This life insurance option provides Standard Life participants an opportunity to buy an additional layer of life insurance equal to that provided by the Standard Life Insurance. Cost for this coverage is borne solely by the participant and is determined by the volume of insurance and the participant’s age.  

• Optional Life Insurance #2 (Available to Employees Only)
  This life insurance option became available 1 January 2001 and is available to eligible employees enrolled in Standard and Optional Life #1. This life insurance option provides a third layer of life insurance equal to that provided by the Optional Life #1.  Cost for this coverage is borne solely by the participant and is determined by the volume of insurance and the participant’s age. 

  For additional questions regarding actual premiums please contact your local personnel office.

  Employees wanting to enroll into life insurance after their eligibility time will need to complete Personal Health Statements for approval. 
  

• Optional Dependent Life Insurance (Dependents Only)
  This life insurance provides Standard Life participants the opportunity to buy insurance for eligible dependents (as defined by Plan provisions). Insurance in the amount of $5,000 is provided for the eligible spouse of the participant and $2,500 is provided for eligible dependent children of the participant. The cost of this insurance is borne by the participant and is a minimal cost premium, regardless of the number of covered dependents.

• Optional Dependent Life Insurance #2 (Dependents Only) This life insurance option became available 1 January 2004.   This life insurance provides Standard Life participants the opportunity to buy insurance for eligible dependents (as defined by Plan provisions).  Insurance in the amount of $10,000 is provided for the eligible spouse of the participant and $5,000 is provided for eligible dependent children of the participant.  The cost of this insurance is borne by the participant and is a minimal cost premium, regardless of the number of covered dependents.

• Optional Dependent Life Insurance #3 (Dependents Only) This life insurance option became available 1 January 2009.

This life insurance provides Standard Life participants the opportunity to buy insurance for eligible dependents (as defined by Plan provisions).  Insurance in the amount of $15,000 is provided for the eligible spouse of the participant and $7,500 is provided for eligible dependent children of the participant.  The cost of this insurance is borne by the participant and is a minimal cost premium, regardless of the number of covered dependents.

• Optional Dependent Life Insurance #4 (Dependents Only) This life insurance option became available 1 January 2009. 

This life insurance provides Standard Life participants the opportunity to buy insurance for eligible dependents (as defined by Plan provisions).  Insurance in the amount of $20,000 is provided for the eligible spouse of the participant and $10,000 is provided for eligible dependent children of the participant.  The cost of this insurance is borne by the participant and is a minimal cost premium, regardless of the number of covered dependents.