Life Insurance

Life Insurance

Alachua County offers term life, supplemental life and dependent life insurance through USAble Life Insurance.

Basic (Term) Life Insurance Coverage

Alachua County provides and pays for $10,000 of term life insurance to each employee  .

Basic life insurance is also offered in the amount of an employee's annual salary rounded to the next highest thousand. The minimum coverage offered is $15,000, the maximum is $50,000. The rate is $0.113 per $1,000 of coverage per pay period. Alachua County pays 80% of the premium. The benefit reduces 35% at age 65, and 50% at age 70.

Supplemental Life Insurance Coverage

Supplemental insurance is also offered for employees who wish to purchase more life insurance coverage, the premium is 100% employee paid.  The premium rate is based on the age table below.  Your premium will increase on your birthday.

Age	Monthly Rate per $1,000
Under 25	$0.05
25-29	$0.06
30-34	$0.08
35-39	$0.09
40-44	$0.10
45-49	$0.15
50-54	$0.23
55-59	$0.45
60-64	$0.72
65-69	$1.39
70 & over	$2.28

Newly hired employees may elect one, two or three times their annual earnings, to a maximum of $250,000 without providing proof of good health if done within their initial eligibility period. Election of supplemental life insurance coverage at the time of initial employment is the only time issue of coverage is guaranteed.  If coverage is not elected at that time, completion of an evidence of medical insurability form is required with review by the underwriters at USAble Life and determination of insurability.

Dependent Life Insurance Coverage

Dependent life insurance is coverage for an employee's spouse and dependent children. The premium is 100% employee paid. The benefit paid is $10,000 policy for a spouse, and/or $5,000 for each dependent child.  Premium cost is $3.10/month, or $1.55/pay period and covers all dependents, not a per unit rate. Dependent life insurance benefit cannot exceed 50% of your basic life and supplemental life insurance amount combined. The employee is the beneficiary for dependent life coverage.

Election of dependent life insurance coverage at the time of initial employment is the only time issue of coverage is guaranteed. If coverage is not elected at that time, completion of an evidence of medical insurability form is required with review by the underwriters at Minnesota Life and determination of insurability.

Voluntary Accidental Death & Dismemberment (AD&D)

Available in increments of $25,000 up to five times annual earnings or $500,000 whichever is less.  The premium is $0.03 per thousand per month.

AD&D coverage provides you with an additional insurance benefit if your death results from an accident, or if you suffer a loss from an injury (see schedule of benefits below).

Schedule of Benefits:

Loss	Benefit
Life	100%
Two or more members*	100%
Quadriplegia	100%
Speech & hearing	100%
Paraplegia	75%
One member	50%
Speech	50%
Hearing	50%
Hemiplegia	50%
Thumb & Index finger of same hand	25%

*Member is defined as hand, foot or eye

Reductions Coverage amounts will reduce for Basic, Supplemental and AD&D for employees according to the following schedule:

Age: Insurance Amount Reduces to:

65 - 65% of original amount
70 - 50% of original amount