Dependent Child(ren) Group Life Insurance
- Employee must apply for Employee Group Supplemental life or Spouse Group Supplemental to cover his/her dependent children.
- Employees not enrolling when first eligible will need to provide evidence of insurability acceptable to the insurance company for all dependent children.
- Coverage is designed to protect your dependent children while you are an employee and terminates at your retirement or termination of employment.
- Coverage terminates at employee's age 75.
- Employees may convert the Dependent Child Group life insurance coverage to a whole life individual policy issued by The Hartford Insurance Company within 31 days after termination of employment or eligibility, or reduction of Life Insurance due to age, pension, retirement, or policy discontinuance in whole or in part.
- Employees also have a Portability option that allows the group life insurance policy to continue at 100%, 75%, or 50% of the amount of life insurance coverage (Basic, Supplemental, or both) you had under your Group plan up to a maximum amount, generally $250,000 depending upon the provisions of your Group plan. The Portability policy provides group term coverage and is available to you provided you have not yet reached your Social Security full retirement age. The Portability option may also be available to your dependents if you carried dependent coverage under your employer’s group plan and if the group plan includes portability as an option for dependents. The amount of coverage you elect to port is reduced by 75% at age 65 and coverage terminates at age 75. Portability is not available if your employer is terminating the group plan. Additional restrictions may also apply. Premiums for a Life Portability policy may be higher than your Employer Group plan rates and rates increase every five years (years in which your age on your birthday ends in 5 or 0).
- Click here for details on the Conversion and Portability options.
| Dependent Children |
Plan A
|
Plan B
|
| Age 15 days but less than 6 months |
$500
|
$1,000
|
| Age 6 months but less than 19 years |
$5,000
|
$10,000
|
|
Age 19 years but less than 25 years if attending an accredited school or college |
$5,000
|
$10,000
|
|
Bi-Weekly Payroll Deduction Cost (Deducted 26 pay checks per year) |
$.35
|
$.69
|
