Active employees are automatic members of the Death Benefit Program. Retirees may choose whether or not to retain this policy. The intended purpose of the policy is to be an adjunct to your burial insurance. The benefit is $2,000 and payable only to the beneficiary. The premium is $12 per year, deducted once each year in February. This policy has no cash value for the retiree.
For more information about this benefit, contact the Retirement Office at 206-386-1292.
You may purchase Group Term Life Insurance equal to one and one-half times your annual salary, or you can elect Limited Basic Life Insurance. The Limited Basic Life limits the coverage amount to $50,000 regardless of your salary amount, and enables you to have some life insurance coverage without incurring imputed income. (See Calculating the Cost of Group Life Insurance below.) Both plans are underwritten by Standard Insurance Company. The City will contribute 40% of your premium cost and you will pay 60% through payroll deduction. The deduction will be taken from the second paycheck of each month for the subsequent month's coverage.
Basic GTL Rates
You are guaranteed issuance of basic life insurance if you enroll within 30 days of your hire date. If you do not enroll within 30 days of your hire date and you want to enroll (or increase coverage) later during an open enrollment, Evidence of Insurability (medical history statement) will be required and must be approved for any amount. You may complete a paper form or submit your Evidence of Insurability online to the insurer.
If you are enrolled in Basic Term Life Insurance, you may purchase Supplemental Insurance for yourself and your eligible family members. You pay the entire cost for supplemental coverage. You must enroll yourself before family members can be covered.
You may purchase up to four times your base salary in Supplemental Insurance for yourself. You may then purchase for your spouse/partner 50 percent of the amount of coverage you purchase for yourself.
You may purchase coverage for your children in the amounts of $2,000, $5,000 or $10,000. One premium amount covers all children.
If the Supplemental Term Life Insurance maximum of four times your basic salary exceeds $1,000,000 when added to the amount of your Basic Life Insurance, you must complete and submit a Medical History Statement regardless of when you enroll.
If you want to purchase more than $50,000 on your spouse/domestic partner, he or she must submit a Medical History Statement, regardless of when you enroll. If you and your spouse/partner or children do not enroll in supplemental coverage within 30 days of your hire date and you want to enroll later (or increase coverage) during an open enrollment, Evidence of Insurability (medical history statements) will be required and must be approved for any amount. You may complete a paper form or submit your Evidence of Insurability online to the insurer.
Supplemental GTL Rates
The Employee Benefits Guide contains tables to help you calculate the cost of basic and supplemental life insurance. The City pays 40% and you pay 60% of the cost for Basic Group Term Life Insurance. You pay the full cost for Supplemental Group Term Life Insurance. IRS rules state that the value of Basic Life Insurance over $50,000, which is paid for by the City, is taxable. Because the City pays 40% of the cost for your Basic Term Life Insurance, you may have some taxable value. You may limit your Basic Term Life Insurance coverage amount to $50,000 to avoid taxation.
You may designate or change your beneficiaries any time during the year through Employee Self-Service.
Accelerated Death Benefit Claim Form
Death Claim Form
Evidence of Insurability Form
Evidence of Insurability Online Form
GTL Minor Beneficiary
GTL Travel Assist Program Flyer