Greeley-Evans School District 6
School District
Life and AD&D Insurance
Life insurance provides financial assistance to families in the event of death. Knowing this, Weld County School District 6 has provided you with a valuable benefit - Group Term Life Insurance from The Hartford. Weld County School District 6 pays 100% of the cost for this benefit. This is a brief outline of your life insurance and odes not include all the terms of coverage. For all the details, please see your certificate.
Basic Life Benefit
- The benefit amount is the payment your family or beneficiary will receive if you pass away. All benefits end upon termination of employment with WCSD6.
- 2x base annual earnings rounded to the next higher $1,000 subject to a maximum of $100,00.
AD&D Benefit
- AD&D Insurance pays a benefit to your beneficiary if your death is caused by an accident. You may also receive a portion of this benefit if an accident results in the loss of sight or a limb. All benefits end upon termination of employment with WCSD 6.
- 2x base annual earnings rounded to the next higher $1,000 subject to a maximum of $100,000.
Voluntary Life / AD&D Insurance
You have the option of electing voluntary life/AD&D coverage for yourself, your spouse (including common law, civil union or domestic partner) and your children. You may enroll your spouse and children if you elect coverage for yourself. The cost for this coverage is paid for 100% by you.
| Coverage | Minimum Beneft | Maximum Benefit | Purchase Increments | *Guaranteed Issue Amount |
|---|---|---|---|---|
| Employee | $10,000 | $300,000 | $10,000 | $150,000 |
| Spouse | $5,000 | $250,000 | $5,000 | $35,000 |
| Child | $10,000 | $10,000 | $10,000 | $10,000 |
Please Note: At age 65, your life voluntary insurance benefit reduces by 35%, then reduces by 50% of the benefit when you reach age 70.
- Any increase in coverage from last year requires the completion of an Evidence of Insurability form (EOI)
- If you were eligible to enroll last year, but chose not to enroll, any election of coverage requires the completion of an EOI.
- If you are a new hire or just became eligible, you may elect up to the Guaranteed Issue amount without completing an EOI; any amount over the Guaranteed Issue amount requires the completion of an EOI.
- After enrollment is complete, the EOI will be emailed to you.