New employees and employees who become benefit eligible for the first time during their employment with the Town will have an opportunity to sign up for $10,000 - $250,000 of guaranteed life insurance starting in FY23! Newly benefit eligible employees have 30 days from their start date or initial benefit eligibility date to select any and all life insurance options that work for them.
Details on the AD&D coverage included with this product can be found here
The cost for basic life insurance (offered during the first 30 days of employment or during the first 30 days of initial benefit eligibility) will be $14.03 per month for $10,000 worth of term life coverage. Information on the basic life insurance policy can be found here.
For a side by side comparison of all the life insurance plan offerings, please click here.
*Please note: The guaranteed issue amount of supplemental life insurance is $250,000. Any amount of supplemental life insurance selected that exceeds $250,000 is subject to underwriting. Plan is subject to limitations and exclusions.
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