Life Insurance


Overview

State employees are automatically enrolled in Basic life insurance through payroll deduction. They may choose to waive coverage or additionally enroll in supplemental life insurance. Coverage is offered by Aetna Life Insurance, and employees pay the full cost for both Basic and supplemental coverage. Accidental death and personal loss coverage is included in Basic life insurance, and it does not require an additional premium.

Coverage Details

The Summary of Coverage provides a brief overview of your life insurance coverage and eligibility rules. The Life Insurance Booklet provides greater detail on qualifying claims and claims processing.

› Life Insurance Schedules
Basic Schedule
Classification Amount
All employees 100% of your base annual salary (excluding overtime), rounded to the next highest $1,000.

Maximum: $150,000
Supplemental Schedule
Classification Amount
All employees 100% of your base annual salary (excluding overtime), rounded to the next highest $1,000.

Maximum: $150,000
Schedule of Accidental Death and Personal Loss Coverage*
Classification Amount
All employees 100% of your base annual salary (excluding overtime), rounded to the next highest $1,000.

Maximum: $150,000

* Coverage is included in Basic life insurance and does not require an additional premium. See your Life Insurance Booklet for a list of qualifying conditions.

› Age Reduction Rule

Policy value will start to decrease from age 65 onward as shown below.

Employee Age Value of Policy
65 94%
66 82%
67 70%
68 58%
69 46%
70-74 40%
75-79 30%
80+ 25%
Claims Processing

To process a claim, please contact Aetna.

Any State employee that satisfies all of the following criteria is eligible to enroll:

Basic life insurance
You are automatically enrolled in the Basic group life insurance and premiums are deducted from your paycheck unless you waive coverage by submiting the Employee Group Life Insurance Form to your HR office.

Supplemental life insurance
You can enroll in Supplemental life insurance by submitting the Employee Group Life Insurance Form to your HR office within 31 days of gaining eligibility.

If you want to add Supplemental coverage at a later date, or if you initially waived all coverage and want to elect some level of coverage at a later date, you are a late applicant and you will need to apply for coverage using the above enrollment form and then submit evidence of insurability (EOI) to Aetna. Life insurance coverage for late applicants is not effective unless and until Aetna approves the application. The EOI process is handled entirely by Aetna.

Premium rates are quoted per $1,000 of coverage.

Example: A 30-year old employee earning $43,217 per year is enrolled in Basic and Supplemental life insurance

  • His Basic and Supplemental life insurance would each provide coverage of $44,000 (rounded up to the nearest $1,000)
  • Since premium rates are quoted per $1,000 of coverage, he would have $44,000 / $1,000 = 44 units of coverage
  • Assuming he is on the 26 pay period schedule, his biweekly premium cost would be:
    • 44 x $0.203 = $8.93 for Basic coverage
    • 44 x $0.037 = $1.63 for Supplemental coverage

26 Pay Period Rates
Employee Age Value of Policy Basic Life Rate Supplemental Life Rate
< 30 100% $0.203 $0.025
30-39 100% $0.203 $0.037
40-44 100% $0.203 $0.050
45-49 100% $0.203 $0.083
50-54 100% $0.203 $0.137
55-59 100% $0.215 $0.026
60-64 100% $0.215 $0.397
65 94% $0.215 $0.613
66 82% $0.215 $0.613
67 70% $0.215 $0.613
68 58% $0.215 $0.613
69 46% $0.215 $0.613
70-74 40% $0.215 $1.032
75-79 30% $0.215 $1.638
80+ 25% $0.215 $2.303
20 Pay Period Rates
Employee Age Value of Policy Basic Life Rate Supplemental Life Rate
< 30 100% $0.2648 $0.032
30-39 100% $0.2648 $0.049
40-44 100% $0.2648 $0.065
45-49 100% $0.2648 $0.108
50-54 100% $0.203 $0.137
55-59 100% $0.2802 $0.333
60-64 100% $0.2802 $0.517
65 94% $0.2802 $0.797
66 82% $0.2802 $0.797
67 70% $0.2802 $0.797
68 58% $0.2802 $0.797
69 46% $0.2802 $0.797
70-74 40% $0.2802 $1.342
75-79 30% $0.2802 $2.129
80+ 25% $0.2802 $2.993

Please contact Aetna for claims processing and additional assistance: