Life Insurance & Additional Services
Basic Life Insurance - Basic life is insurance coverage provided to you by your employer. It provides a cash death benefit to your beneficiary upon your death to help meet a variety of financial needs.
Voluntary Group Life Insurance -
Voluntary Group Term Life is one of the most inexpensive ways to purchase life insurance. It’s offered through the convenience of payroll deduction. Coverage is typically available to you, your spouse and dependent children. You have the freedom to select an amount of life insurance coverage you need to help protect the well-being of your family. Read more about voluntary group life insurance
Individual Life -
Permanent life is an individual life policy that provides a specified death benefit to your beneficiary at the time of death. The advantage of having a permanent life insurance plan as opposed to a group supplemental term life plan is that the permanent life insurance is guaranteed renewable, portable and typically premiums remain the same over the life of the policy.
Accidental Death and Dismemberment Insurance -
Accidental Death & Dismemberment is life insurance coverage that pays a death benefit to the beneficiary, should death occur due to a covered accident. Dismemberment benefits are paid to you, according to the benefit level you select, if accidentally dismembered.
- Voluntary additional coverage
- Coverage for spouse equals 50% and coverage for eligible children equals 10% of employee amount
- Read more about AD&D
Financial Planning - A 403(b) plan, also known as a tax-sheltered annuity, is a tax-advantaged retirement savings plan available for public education organizations. Contributions are made on a pre-tax basis and investment earnings grow tax deferred until retirement withdrawal. Read more about 403(b) plans
Health Savings Account - A Health Savings Account (HSA) is a tax-advantaged medical savings account available to employees who are enrolled in a high-deductible health plan. The funds contributed to the account are not subject to federal income tax at the time of deposit. Unlike a flexible spending account (FSA), funds roll over and accumulate year to year if not spent. More about Health Savings Accounts
For additional information about any of the plans above, please contact the Benefits Department or visit the Employee Benefits Portal.