Dependent Life Insurance

You may purchase Dependent Life Insurance coverage for your spouse/domestic partner and/or your dependent children. You pay the full cost of coverage.

Eligibility

You are eligible to purchase Dependent Life Insurance if you are working at least 50 percent of a full time schedule and have completed the applicable waiting period.

Break in Service

Hired prior to 7/1/24

Prior to meeting the waiting period, if you incur a break in service of 28 days or more, you must meet a new waiting period.

After meeting the waiting period, if you incur a break in service of more than 28 days, you will need to satisfy a new waiting period.

Hired on or after 7/1/24

Prior to meeting the waiting period, if you incur a break in service of any number of days before you satisfy the waiting period, you will need to satisfy a new waiting period before coverage takes effect. After meeting the waiting period, if you incur a break in service of more than 28 days, you will need to satisfy a new waiting period.

There is also a matching Accidental Death and Dismemberment benefit. The cost of dependent life insurance depends on the coverage amount chosen.

• Spouse/partner cannot exceed the coverage amount you have for yourself: Coverage amounts are:
  • $10,000
  • $20,000
  • $40,000
  • $60,000
  • $80,000
  • $100,000 

NOTE: Amounts of $10,000 and $20,000 are available on a guaranteed basis as long as your spouse/partner is not confined for medical care or treatment at home or elsewhere when the coverage goes into effect.

• Children: Coverage amounts are $2,000, $4,000, $6,000, $8,000 or $10,000. One premium provides coverage for any number of eligible dependent children.
• All coverage amounts are offered on a guaranteed basis, as long as your dependent child is not confined for medical care or treatment at home or elsewhere when the coverage goes into effect.
• The Dependent Life Insurance and Accidental Death & Dismemberment benefits are offered through Securian Life Insurance Company. 

For additional information, please refer to the Basic and Optional Term Life Insurance and AD&D Plan Handbook and the Enrollment Kit.