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MedicalPPO HMO
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Life Insurance
The State of Florida offers eligible full-time and part-time employees term life insurance, including an accidental death & dismemberment (AD&D) benefit through Minnesota Life Insurance Company.
Basic Term Life Insurance Coverage and Premiums
Benefits and premium costs depend on your classification:
| Classification | Coverage Level | Premium Cost |
|
1.5 times base annual salary (reduced by 50% at age 70) |
You pay part of the cost of this coverage |
|
1.5 times base annual salary (reduced by 50% at age 70) |
|
|
2 times base annual earnings |
State of Florida pays full premium |
|
$150,000 |
State of Florida pays full premium |
|
Contact the People First Service Center to determine coverage level and premium |
|
AD&D
Basic life insurance coverage includes AD&D coverage. In the event of accidental death or dismemberment, payment will be made based on the injury's severity - equal to between 25% and 100% of the coverage amount.
Optional Coverage
State employees who enroll in basic term life insurance can also buy additional term life insurance - from 1 to 5 times base annual earnings, up to a $500,000 benefit. Medical underwriting may be required. You pay the entire cost of optional coverage.
You Name Your Beneficiary
Death benefits will be paid to your named beneficiary(ies). You need to submit a new beneficiary designation form.
Accelerated Death Benefit
Both the basic and optional life programs include an advanced benefit if a covered member receives a terminal illness diagnosis that anticipates death within a one-year period. You may be eligible for an advanced payment of up to 100% of your combined basic/optional life insurance benefits.
For more information on life and AD&D benefits, see the Benefits Guide for Active State Employees or call the People First Service Center at (866) 663-4735.
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