Group Term Life Insurance

To provide financial resources for your family in the event of your death, life insurance should be an integral part of your financial planning.

Eligibility

You may be eligible for Group Term Life Insurance coverage as a member of the Public Employees Federation (PEF). You may also be eligible for Dependent Life Insurance and/or Survivor Income Protection Coverage if you are covered for Life Insurance under this plan and meet the other requirements described on this web page.

Select one of the following options:

• Option A - $20,000
• Option 1 - One times Basic Annual Earnings
• Option 2 - Two times Basic Annual Earnings
• Option 3 - Three times Basic Annual Earnings
• Option 4 - Four times Basic Annual Earnings
• Option 5 - Five times Basic Annual Earnings

Earnings are rounded to the next higher $1,000 based on current earnings. Maximum: $500,000. Hourly or Per Diem employees may only select Option A. Premium is based on the member's current age and is a bi-weekly rate. Rates are adjusted as you enter a new age bracket.

Mortgage Protection

If you purchase a home, you may increase your benefit by one level without proof of good health. The amount of increase may not exceed the mortgage amount. You must make such election within 120 days of the closing on the home and provide evidence of the purchase.

AD&D Benefit

If you have elected Life Insurance coverage for yourself, you are automatically covered for Accidental Death and Dismemberment (AD&D) coverage. The AD&D Principal Sum is equal to the amount of your Life Insurance coverage.

Enhancements to AD&D

If you are eligible for a payment under the AD&D coverage, you may be eligible for one or more of the following enhancements:

• Day Care Benefit
• Education Benefit
• Seat Belt Benefit
• Felonious Assault Benefit

Dependent Life Insurance Eligibiltiy

If you are covered for Life Insurance under this plan you may also apply for Dependent coverage. We have added several options for coverage of your spouse* and eligible dependent children. You can now elect spouse coverage from $20,000 up to $100,000 and $4,000 for your eligible children. Under this coverage a benefit is payable if your dependent dies from any cause while insured. Your dependent child(ren) may be eligible if they are between 15 days and 19 years of age or age 25 if they are attending school on a full-time basis. Dependent life insurance coverage for your fully handicapped child can be continued past the age of 19; call PEF Membership Benefits Program for clarification

*The definition of "spouse" has been expanded to include your Qualified Domestic Partner. Contact PEF Membership Benefits for details.

For more information, including plan costs and details, download the Group Term Life Insurance Brochure.

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This Web site provides a general description of the Insurance Plan offered and is not a contract. Complete terms, conditions, definitions, exclusions, limitations and renewability requirements are detailed in the Group Policy issued to the Group Policyholder. Each insured will be provided with a Certificate of Insurance that summarizes the policy provisions affecting his/her coverage