Term Life Insurance with AD&D
Employer-Paid Coverage
All benefits-eligible employees will receive an employer-paid life insurance benefit in the amount of $20,000 at no cost to you. The plan includes a benefit for Accidental Death & Dismemberment (AD&D) as well, for injury or death caused by a covered accident. Benefits do not reduce due to age.
Ware County Schools offers term life insurance with Accidental Death & Dismemberment (AD&D) for voluntary enrollment, insured by Lincoln Financial Group.
Life Insurance pays a benefit to your beneficiary(ies) should you die as a result of an illness or an accident. It pays an additional AD&D benefit in the event of death or loss of limbs, speech, hearing, and more caused by a covered accident. Refer to the Certificate of Coverage on the Resources page for complete details.
Term Life with AD&D Insurance Options
You may elect term life insurance with AD&D for yourself and your dependents through convenient post-tax payroll deduction.
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Employee Life: Up to a maximum of the lesser of $500,000 or 5 times your annual earnings in $10,000 increments.
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Spouse Life: Up to 100% of employee amount to a maximum of $500,000 in $5,000 increments.
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Child Life: Up to $10,000, not to exceed 100% of the employee amount in $2,000 increments.
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Maximum life insurance coverage for employees age 70+ is $50,000.
Evidence of Insurability (EOI) for Term Life with AD&D
As a new hire, you are able to elect up to the Guarantee Issue of $300,000 for yourself, $50,000 for your spouse, and $10,000 for your child(ren) with no health questions.
Should you wish to elect an amount that exceeds the Guarantee Issue, an Evidence of Insurability Form is required. You will not be deducted for the pending coverage amount unless you are approved by the carrier. You may obtain an EOI Form from the Resources page or by calling the Benefits Service Center.
A Note About Open Enrollment and Voluntary Life Insurance Health Questions: At Annual Open Enrollment, limited election options are available without health questions for members who have not been previously declined coverage as follows:
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Employee Coverage: Employees may elect $10,000 or $20,000. Employees may also increase existing coverage by up to $20,000.
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Spouse Coverage: Spouse coverage may be elected in the amount of $5,000 or $10,000. You may also increase your existing spouse coverage by $5,000 or $10,000 without health questions at Open Enrollment.
These options do not apply for employees who have been previously declined coverage due to medical review.
Beneficiary Information
Your beneficiary is the person(s) who will receive your life insurance benefits in the event of your death. Your beneficiary can be one person or multiple people, charitable institutions, or your estate. Once named, your beneficiary remains on file until you make a change. If your family situation changes, please review your beneficiary on file and make updates if needed. If you don’t name a beneficiary, your life insurance benefits will automatically go to your estate. You are required to designate your beneficiary during your enrollment, but you can change it at any time.
Voluntary Term Life Insurance Important Notes
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For voluntary life insurance, there are no age limits for eligibility. However, employees age 70+ have a limited benefit maximum of $50,000.
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Spouse and child life coverage cannot exceed 100% of employee amount.
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Rates are age-banded and spouse rates are based on spouse's age.
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Child(ren) can be covered until age 26.
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Beneficiary information is required upon enrollment.
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Accidental Death and Dismemberment (AD&D) coverage is included.
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Benefit is doubled in the event of death due to accident.
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Dismemberment benefit is paid according to a schedule outlined in the certificate.
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TravelConnect
Life insurance benefits from Lincoln Financial Group include a valuable TravelConnect® service designed to enhance security and provide reassurance during travel.
- Dedicated support if you face an emergency while traveling
- Help with arranging travel and evacuation for medical injuries and natural disasters
- Managing travel for a companion and/or children
- Medical records requests and medication delivery
- Medical, dental, and pharmacy referrals for medical treatment
- Help with lost or stolen documents or luggage
- Language translation services
- And more
Access this benefit at myoncallportal.com and use Group ID: LFGTravel123.
Please refer to the flyer that contains a convenient ID Card located on the Resources page.
LifeKeys Working Advantage Discount Program
Enrolling in voluntary life insurance through Lincoln Financial Group comes with the added benefit of LifeKeys® services. These services are designed to provide assistance and support whenever unexpected challenges arise, ensuring that help is readily available.
- Save up to 60% on a variety of products and services
- Access to supportive tools and advice on a wide range of topics, including legal, financial, family, and career resources
- Online, easy, no-cost will preparation tool
- Guidance and support for your beneficiaries, including grief counseling and legal and financial advice
Access LifeKeys at GuidanceResources.com, download the GuidanceNow mobile app, or call 855-891-3684. First time users: Enter Web ID: LifeKeys.
FuneralPrep
As part of your voluntary life benefits with Lincoln Financial, you have access to FuneralPrep, a comprehensive planning service.
- An online portal with resources to help with at-need planning or pre-planning.
- This benefit helps reduce the stress and uncertainty of making quick decisions during an emotional time.
All employees are encouraged to explore the pre-planning section of the portal. A simple plan can make a big difference.
Access this benefit at LincolnFuneralPrep.com/GPLife 24 hours a day, 7 days a week.
Coverage Continuation Options
If you separate employment, you may be able to continue your life insurance coverage if certain conditions are met.
The employer-paid basic life insurance plan includes a conversion option upon employment termination. Should you wish to continue your basic life insurance, you may convert to an individual whole life policy.
The voluntary life insurance plan includes the option to port coverage to an individual term policy as well as a conversion option to convert to an individual whole life policy.
The portability rates are the same as active rates. However, special rules and requirements apply for portability, and you must have the voluntary life insurance coverage for a minimum of 12 months to be eligible for portability. Portability coverage may continue with premium payments up to Social Security Normal Retirement Age (SSNRA). Once a member reaches SSNRA, he/she may convert to an individual whole life policy should he/she wish to continue coverage.
For the conversion to an individual whole life policy option, premiums are significantly higher than the active employee rates.
For both conversion and portability, you must complete an application and provide it to Lincoln Financial within 30 days of your employment separation.
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