Life insurance coverage available for eligible dependents. Dependent Term Life insurance pays you $5,000 in the event of your dependent's death and requires you to pay a monthly premium of $1.38. This amount covers all eligible dependents. A child may be enrolled in coverage under two parents eligible for the GBP (having so-called "double coverage"), but a member may not have coverage as both an employee and a dependent.
Minnesota Life is the underwriter for Dependent Term Life Insurance.
http://www.LifeBenefits.com/plandesign/ers (877) 494-1716
You must report a death to ERS to file a claim.
Sign into your account and select Post Hire Change to make changes within 31 days of your hire or rehire. Otherwise, you may sign during a qualifying life event (within 31 days) or Annual Enrollment.
During Annual Enrollment, log in to your account and select Benefits Enrollment to make changes.
Apply to receive lump sum payment if your dependent is diagnosed with terminal illness.
Your spouse may convert his or her Dependent Term Life Insurance policy to an individual life insurance policy. Not available to children.
Additional benefit if accidental death or dismemberment.
If your dependent is diagnosed with a terminal condition, you may enter into a Viatical Settlement that pays a percentage of the benefit now.