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2015 Life Insurance Options

 

Additional life insurance coverage for you and family members is voluntary. View the options below for members and dependents, and the services and resources available.  


Optional Employee Life Insurance (effective 01/01/15)​

Optional Life Plan 1

$5,000

Optional Life Plan 3 (NEW)      

$25,000

Optional Life Plan 5  ​  

1X Annual Salary

Optional Life Plan 2     

$10,000

Optional Life Plan 4 (NEW)

$50,000

Optional Life Plan 6

2X Annual Salary

The cost of each plan is based on age. ​ ​
                     Under 40 40 – 59 Over 60
Monthly Premium .24 per $1,000 .60 per $1,000 .98 per $1,000

The amount of accidental death and dismemberment is an amount equal to the optional insurance amount. 

Evidence of insurability may be required for insurance over $150,000. 

     
       Salary Increases and Decreases: If you receive a pay increase after you enroll in Optional Life Insurance
       Plan 5 or Plan 6, your plan coverage amount will automatically adjust to correspond with your salary
       increase. Your insurance premium will automatically adjust to correspond with your increase in coverage
       as well. If you are a Commonwealth-paid employee, this increase will occur automatically through an
       automated process in the Kentucky Human Resources Information System (KHRIS) upon the effective 
       date of your new salary.
 
       For Board of Education employees with salary based plans, the new contract year salary will be effective
       11/1 of each year. 
 
       For Health Department and Quasi agency employees with salary based plans, please verify that your
       HR Administrator is maintaining your current salary.    

​Dependent ​ Coverage (effective 01/01/15) ​

Plan A Plan B Plan C
(spouse only)
Plan D
(spouse only)
Plan E
(children only)
Spouse $10,000 $5,000 $5,000 $10,000 
Child to age 6 months $2,500 $1,500   $2,500
Child 6 months to 18 years; older if attending an educational institution and relying on the employee for financial support or if incapacitated and proof is received within 31 days of the 18-year age limit. $5,000 $3,000   $5,000
Monthly Premium $11.46 $6.20 $2.62 $9.14 $3.78