Life Insurance Group Term Life Insurance The Board provides group term life insurance coverage free of charge for all permanent employees who work 20 hours or more per week. This coverage will not be effective until the employee reports for work. The face value of your personal term life policy is based upon your position. • Certified employees - $30,000 • Classified / Hourly employees - $30,000 • Supervisory and technical employees - $40,000 • Administrators - $50,000 KPERS Life Insurance As an active member of KPERS, you are provided a life insurance policy with a face value of 1.5 times your annual base pay. The effective date of coverage is your date of hire. New employees and employees who become KPERS benefit eligible will complete the KPERS designation of beneficiaries form to assign beneficiaries. Voluntary Term Life Insurance Wichita Public Schools understands that having a comprehensive benefits plan is important to our employees and their families. Life insurance can provide an additional layer of financial protection for you and your loved ones. This voluntary benefit would be in addition to the district provided life insurance benefit. What do you need to know? During your enrollment period, you will have a special opportunity to enroll in Voluntary Term Life insurance coverage.* You can also take advantage of the special opportunity to increase your current coverage amount and/or enroll in spouse or child coverage. Why enroll now? The Term Life insurance plan through Guardian provides a guaranteed benefit you can count on. Policy proceeds are usually distributed income-tax free so you can help protect those who depend on you. It also offers flexibility to update your coverage as your life changes or take it with you if you change jobs or retire. Additionally, when you enroll for coverage, you also receive an equal amount of Accidental Death & Dismemberment insurance, which provides a layer of financial protection in the event of a serious injury or death as a result of an accident. During this enrollment period, you can enroll for the following amounts of Voluntary Term Life insurance: Employee: Enroll up to $500,000 ($10,000 Increments)* Guarantee Issue is $150,000 Spouse: Enroll up to $250,000 ($5,000)* Guarantee Issue is $50,000 Child(ren): Enroll any eligible children for up to $10,000 Guarantee Issue is $10,000
* If you would like additional coverage, a brief application and a few health questions will be required. The additional coverage does not take effect until approval is granted.
Employee Benefits Guide - 23
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