Life Insurance
Life insurance pays your beneficiary in the event of your death.
For this open enrollment only, you may enroll or increase your Supplemental Life coverage by answering just 5 health questions. Scroll down to read about your available coverage options for yourself, your spouse and your child(ren).
Life has changed, the need to protect your family hasn't
Now you can get extra protection. Getting married, growing your family or purchasing a home means more financial obligations. Additional employee, spouse and child life insurance that goes above your PGCPS provided coverage can help your family handle expenses in the event of your death.
You can easily protect your family’s future, today
We've all experienced how important it is to protect the health and safety of loved ones. It's why you work hard, continue to save what you can and try your best to plan for what's next. Looking after those you care for should not be a financial burden. Now you can help ensure that future by providing your loved ones with the financial protection only life insurance offers. This way, you’ll know that the life you’re working hard to build for your family will still move forward, no matter what happens.
Eligible PGCPS employees are automatically enrolled in Basic Life insurance of two times your annual earnings at no cost. You have an opportunity to enroll in additional life insurance for yourself, your spouse and children through MetLife.
The optional, spouse and child Life insurance is a voluntary benefit. You will pay the entire premium for this coverage.
80% of people think life insurance is more expensive than it actually is.1
How do you know if you have enough life insurance?
Chances are you may not have enough life insurance coverage for yourself or your loved ones.1 Purchasing additional life insurance may lend greater financial security and peace of mind.
If you have a spouse and/or children, they may rely on you to help keep the household running. About 30 percent of U.S. households have no life insurance.1 It’s important to take steps to make sure your family is financially prepared if you are no longer here to cover expenses such as:
- Mortgage or rent payments;
- Insurance premiums;
- Transportation;
- Utilities;
- Food; and
- Child care/education fees.
Covering everyday living expenses is one part of the life insurance equation. Many families may have trouble keeping up with future expenses such as:
- College tuition;
- Wedding expenses;
- Child or aging parent care; and
- Retirement.
Consider life events that may cause you to need more protection. Getting married, having children and buying a home are a few examples. These could call for adding more life insurance coverage.
Here's how it works:
Basic Life insurance
You are automatically enrolled in Basic Life insurance if you are an eligible PGCPS employee in the amount of two times your annual earnings up to $600,000. You receive this benefit at no cost.
Optional Life Insurance
Optional Life coverage is available in $50,000 increments up to $1,000,000.
If you are not currently enrolled, you may enroll up to 5 times your annual earnings by providing a statement of health.* If you are currently enrolled you may increase your current coverage up to 5 times your annual earnings by providing a statement of health.* More details are available in the plan summary.
The Optional Life insurance program is a voluntary benefit in which you pay the entire premium.
Dependent Spouse Life Insurance
Dependent Life-Spouse coverage is available in $5,000 increments up to $50,000. (You must apply for employee Optional life coverage in order to enroll/apply for spouse coverage).
If you are not currently enrolled, you may enroll your spouse up to $50,000 by providing a statement of health.* If you are currently enrolled you may increase your current spouse coverage up to $50,000 by providing a statement of health.* More details are available in the plan summary.
The Dependent Life-Spouse coverage is a voluntary benefit in which you pay the entire premium.
Dependent Child(ren) Life Insurance
Dependent child(ren) coverage is available in increments of $2,000 up to $10,000. (You must apply for employee Optional life coverage in order to enroll for child(ren) coverage).
Child(ren) are eligible from 15 days to age 26 regardless of student status. A child can be covered by only one parent under this Plan. More details are available in the plan summary.
The Dependent child(ren) coverage is a voluntary benefit in which you pay the entire premium. One monthly premium covers all eligible children.
Cost of coverage
Premiums for optional and spouse life coverage is based on the amount of coverage and your age. Spouse coverage is also based on your age. Monthly cost for dependent child(ren) covers all eligible child(ren).
Premiums shown below are the monthly rate per $1,000 of coverage elected for employees and spouses.
| Age | Employee Rate | Spouse Rate |
| Under 25 | $0.045 | $0.083 |
| 25-29 | $0.045 | $0.083 |
| 30-34 | $0.045 | $0.083 |
| 35-39 | $0.063 | $0.116 |
| 40-44 | $0.081 | $0.149 |
| 45-49 | $0.135 | $0.248 |
| 50-54 | $0.207 | $0.380 |
| 55-59 | $0.333 | $0.611 |
| 60-64 | $0.513 | $0.941 |
| 65-69 | $0.783 | $1.436 |
| 70-74 | $1.044 | $1.914 |
| 75+ | $1.359 | $2.492 |
| Dependent Child(ren) |
| $0.137 |
To determine the bi-weekly amount: Twelve-month employees multiply the Monthly Cost x 12/26; Eleven-month employees multiply the Monthly Cost x 12/24, Ten-month employees multiply the Monthly Cost x 12/22.
METLIFE ADVANTAGES
Services to help navigate what life may bring, at no additional cost to you!
How much Life insurance should you have?
1 LIMRA - http://www.limra.com/uploadedFiles/limra.com/LIMRA_Root/Posts/PR/LIAM/PDF/Infographic_TrueCost.pdf
* All applications for coverage are subject to review and approval by MetLife. If you choose to apply for increased coverage, the increase may be subject to underwriting. MetLife will review your information and evaluate your request for coverage based upon your answers to the health questions, MetLife’s underwriting rules and other information you authorize us to review. In certain cases, MetLife may request additional information to evaluate your request for coverage.
Like most group insurance policies, insurance policies offered by MetLife contain certain exclusions, exceptions, waiting periods, reductions, limitations and terms for keeping them in force. Please contact your benefits administrator or your MetLife Group Representative for costs and complete details.