What is Life Insurance?
IMPORTANT INFORMATION
ING Life Insurance Documents
ING Life Insurance Forms
Through ING, EPISD provides you the option to protect your family’s financial future. Life insurance provides basic protection for your loved ones if something happens to you. The loss of your income could create immediate financial hardship and lifestyle changes for your family. Life insurance will help!
What does EPISD offer you as an employee?
Basic Group Term Life Coverage (Employer Paid)
Every employee who is contributing to TRS is provided with a $10,000 Basic Term Life Insurance to include AD&D coverage at no cost (paid 100% by EPISD).
Additional Supplemental Life and AD&D Insurance (100% Employee Paid)
During your initial eligible enrollment period, you may select additional life coverage for 1.5, 2, or 3 times your
salary and Dependent Life Insurance without Evidence of Insurability (EOI). If the maximum amount is not selected during the initial enrollment period, you may be subject to the EOI in the future should you choose to upgrade your coverage to more than one level per year.
Dependent Life Insurance
Options available to you if life insurance coverage for yourself is elected. You may purchase life insurance for your dependents (eligible spouse and dependent children up to age 25).
| Dependent Children (each dependent child over 6 months of age) except for children age 14 days but less than 6 months who are covered for $1,000 | $2,000 | $ .75/month |
| Eligible Spouse-You have five options | $12,000 | $3.00/month |
| $14,000 | $3.50/month | |
| $16,000 | $4.00/month | |
| $18,000 | $4.50/month | |
| $20,000 | $5.00/month |
If you do not elect supplemental life insurance coverage for yourself, you may only elect the level 1 coverage of $2,000 for dependent children.
If both husband and wife are employed by EPISD, Dependent Life Insurance CANNOT be purchased for each other.
In addition, when both husband and wife are employed by EPISD, only one employee can purchase Dependent Life Insurance on eligible children.
**Coverage amounts are reduced as follows**
- From your 70th birthday to age 75, pays 65%
- From your 75th birthday to age 80, pays 45%
- From your 80th birthday and after, pays 30%
For more information on your Life Insurance Benefit contact Carolina Figueroa, ING Local On-Site Representative, at 887-6807 or visit the ING Employee Benefits website at www.ingemployeebenefits-us.com
