Calendar Year 2016 Life Insurance

 

  • Basic Group Term Life Insurance
    • The State provides the first $20,000 in coverage at no cost.

      Employees who choose State-sponsored health insurance are eligible for higher coverage levels and they pay the premium costs for coverage over $20,000.  The maximum benefit amount is $50,000.  In addition, their eligible dependents (spouse and children) are covered for $3,000.
  • Basic Accidental Death and Dismemberment Insurance
    • The State provides the first $40,000 in coverage at no cost.

      Employees who chose State-sponsored health insurance are eligible for higher coverage levels and they pay the premium costs for coverage over $40,000.  The maximum benefit amount is $100,000.  In addition, their dependents (spouse and children) are eligible for basic accident insurance coverage, with the amount based on the employee's salary and family composition.
  • Optional Accidental Death and Dismemberment Insurance
    • Employees can choose optional accident insurance coverage for themselves and their dependents (spouse and children).  This is in addition to their basic accidental coverage.  They pay the full premium for this coverage.  Coverage amount is based on salary and the maximum benefit amount is $60,000 for employees.  Coverage amounts for spouse and children are based on salary and family composition.
  • Optional Term Life Insurance
    • If you qualify, you may be able to purchase optional coverage from Minnesota Life for yourself and your dependent spouse and children
    • If you are currently enrolled and are eligible for employee guaranteed issues increase, information will be mailed to you.
    • If you and/or your dependent spouse are not presently enrolled, you will be required to present evidence of insurability through a health questionnaire.
    • Enroll through the Minnesota Life website at lifebenefits.com/stateoftn.
  • Optional Universal Life Insurance
    • The state has closed enrollment in the optional universal life insurance coverage.  No new enrollments will be allowed during this transfer period.  Members currently enrolled in this coverage can continue the benefit.  If enrolled, you will receive a letter in the fall with details about continuing your coverage.
    • Universal Life Questions and Answers

Insurance Continuation

 

Contact

Robert C. Chance

Director

P115 Andy Holt Tower

Knoxville, TN 37996

865-974-5251 Phone

865-974-3530 Fax