Benefits and premiums
Eligible employees enrolled in the State Health Plan or the TRICARE Supplement Plan are automatically enrolled in Basic Life insurance at no cost. This benefit includes matching Accidental Death and Dismemberment (AD&D) coverage.
The Optional Life insurance benefit, with matching AD&D coverage, is a voluntary benefit. You will pay the entire premium for this coverage.
AD&D provides financial security should a sudden accident take your life or cause serious harm. This coverage complements your life insurance coverage and helps protect you 24 hours a day, 365 days a year.
Chances are you may not have enough life insurance coverage for yourself or your loved ones.1 Purchasing more life insurance over basic coverage may lend greater financial security and peace of mind.
If you have a spouse and/or children, they may rely on you to help keep the household running. About 30 percent of U.S. households have no life insurance.1 It’s important to take steps to make sure your family is financially prepared if you are no longer here to cover expenses such as:
Covering everyday living expenses is one part of the life insurance equation. Many families may have trouble keeping up with future expenses such as:
Consider life events that may cause you to need more protection. Getting married, having children and buying a home are a few examples. These could call for adding more life insurance coverage.
Kathy’s daughter, Molly, plays soccer. During a recent game, Molly collided with an opposing player, was knocked unconscious and taken to the local emergency room (ER) by ambulance for treatment. The ER doctor diagnosed a concussion and a broken tooth. He also ordered a CT scan. After thorough evaluation, Molly was released to her primary care physician for follow-up treatment, and her dentist repaired her broken tooth with a crown. Luckily Kathy has accident insurance!
Coverages2 |
Benefit Amount3 |
---|---|
Ambulance (ground) |
$300 |
Emergency Care |
$100 |
Medical Testing |
$200 |
Concussion |
$400 |
Physician Follow-Up ($75x 2) |
$150 |
BrokenTooth (repaired by crown) |
$200 |
Kathy would get a lump-sum payment totaling $1,350 with MetLife Accident Insurance |
This example is for illustrative purposes only.
Benefits paid by MetLife Accident Insurance High Plan
You are automatically enrolled in Basic Life insurance if you are an eligible employee enrolled in the State Health Plan or the TRICARE Supplement Plan. This benefit includes matching Accidental Death and Dismemberment (AD&D) coverage. You receive this benefit at no cost.
The Optional Life insurance program is a voluntary benefit in which you pay the entire premium. Optional Life coverage includes matching Accidental Death and Dismemberment (AD&D) coverage. More details are available in the Plan Summary.
Optional Life coverage is available in $10,000 increments up to $500,000. Coverage includes matching AD&D.
Premiums shown below are the monthly rate per $10,000 of coverage for employees. Premiums for Optional Life coverage are based on the amount of coverage and your age as of the preceding December 31. The 2023 rates are guaranteed until December 31, 2023.
(Rates per $10,000 of coverage)
Age | 2023 monthly rate |
---|---|
Under 35 | $0.40 |
35-39 | $0.50 |
40-44 | $0.60 |
45-49 | $0.82 |
50-54 | $1.44 |
55-59 | $2.84 |
60-64 | $6.00 |
65-69 | $13.50 |
70-74 | $24.22 |
75-79 | $37.50 |
80 and older | $62.04 |
The Dependent Life-Spouse coverage is a voluntary benefit in which you pay the entire premium. Dependent Life-Spouse coverage includes matching Accidental Death and Dismemberment (AD&D) coverage. More details are available in the Plan Summary.
Dependent Life-Spouse coverage is available in $10,000 increments up to $100,000 or 50% of your Optional Life amount, whichever is less. Coverage includes matching AD&D.
Premiums shown below are the monthly rate per $10,000 of coverage for spouses. Premiums for Dependent Life-Spouse coverage are based on the amount of coverage and your spouse’s age as of the preceding December 31. The 2023 rates are guaranteed until December 31, 2023.
(Rates per $10,000 of coverage)
Age | 2023 monthly rate |
---|---|
Under 35 | $0.40 |
35-39 | $0.50 |
40-44 | $0.60 |
45-49 | $0.82 |
50-54 | $1.44 |
55-59 | $2.84 |
60-64 | $6.00 |
65-69 | $13.50 |
70-74 | $24.22 |
75-79 | $37.50 |
80 and older | $62.04 |
The Dependent Life-Child coverage is a voluntary benefit in which you pay the entire premium. Dependent Life-Child coverage does not include matching Accidental Death and Dismemberment (AD&D) coverage. More details are available in the Plan Summary.
Dependent Life-Child coverage is available for $15,000. Child(ren) are eligible from live birth to ages 19 or 25 if the child is a full-time student. A child can be covered by only one parent under this Plan. Coverage does not include matching AD&D.
One monthly premium covers all eligible children. The monthly premium is $1.26 for $15,000 of coverage. This rate is guaranteed until December 31, 2023.
1 LIMRA, Facts from LIMRA Life Insurance Awareness Month, September 2015.