BASIC LIFE INSURANCE

  • NO COST SHARING
  • RETIRED TEACHERS PAY FULL PREMIUMS
  • $100,000. LIFE
  • $100,000. ACCIDENTAL DEATH AND DISMEMBERMENTNO COST SHARING
  • RETIRED TEACHERS PAY FULL PREMIUMS

FAMILY COVERAGE – ON LIFE PORTION ONLY                  

  • $10,000. SPOUSE
  • $  5,000. DEPENDENT CHILDREN$10,000. SPOUSE

AVAILABLE UNTIL AGE 65 ONLY THEN COVERAGE DROPS TO $15,000

Retirees may be able to convert some of their life insurance at age 65 without having to show proof of insurability but it is expensive to do it.  Contact Johnson Insurance to get the rates.

OPTIONAL LIFE INSURANCE

  • SAME COVERAGE AS ACTIVE TEACHERS
  • UNITS OF $5,000. TO A MAXIMUM OF $100,000.
  • COVERAGE TERMINATES AT AGE 70 THE SAME COVERAGE AS ACTIVE TEACHERS
  • UNITS OF $5,000. TO A MAXIMUM OF $100,000.
  • PREMIUMS BASED ON AGE
  • PREMIUM WILL CHANGE WITH AGE WHETHER YOU RETIRE OR NOT
  • SPOUSE: 25% OF THE MEMBER COVERAGE

VOLUNTARY ACCIDENTAL DEATH AND DISMEMBERMENT

  • COVERAGE AND PREMIUMS SAME AS ACTIVE TEACHERS
  • AVAILABLE IN UNITS OF $10,000. TO A MAXIMUM OF $300,000.
  • SPOUSE COVERAGE IS 50%,
  • 60% IF YOU HAVE NO DEPENDENT CHILDREN
  • CHILD COVERAGE IS 10%, 20% IF YOU DO NOT HAVE A SPOUSE
  • FULL COVERAGE AVAILABLE UNTIL AGE 65 AT AGE 65, MAXIMUM COVERAGE DROPS FROM $300,000. TO $100,000. AND IS AVAILABLE UNTIL AGE 75.  THE REMAINDER CAN BE CONVERTED TO AN INDIVIDUAL POLICY.