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  • Basic Term Life Insurance

    Basic Term Life insurance coverage is included when you sign up for health coverage in the GBP. Employees receive a $5,000 policy. This coverage is not available to family members. The cost for Basic Term Life insurance is $2.22. The state contribution covers the total cost of the premium for a full-time employee.

    Minnesota Life is the underwriter for Basic Term Life insurance.

    You do not have to sign up for Basic Term Life insurance. Enrollment is automatic when you sign up for GBP health coverage. The policy will be effective when your health coverage begins.

  • Outline of the state of Texas 
  • Benefits

    • Accelerated Life Benefit

      If you are diagnosed with a terminal condition, and have a life expectancy of 12 months or less, you may request payment of your coverage before your death.

    • Basic Term Life AD&D Benefit

      Pays an additional AD&D benefit to your beneficiary.

    • Extended Life Insurance Benefit

      Coverage may continue without payment of premiums if you are under age 60 and disabled for more than 6 months.

    • Life Policy Claim

      Report a death to ERS. Benefits are paid to your designated beneficiary.

    • Viatical Settlement Option

      If you are diagnosed with a terminal condition, you may enter into a Viatical Settlement where you are paid a percentage of your Basic Term Life insurance benefit now.

  • Conversion Privilege

    You may convert your Optional Term Life insurance to an individual policy if:

    • your employment ends for any reason, or
    •  you are no longer eligible for Optional Term Life Insurance.

    The individual life insurance policy does not include the:

    • Extended Life Insurance Benefit,
    • AD&D benefit, or
    • Accelerated Life Benefit.

     Note: Life Evidence of Insurability is not required if you apply for the individual life insurance policy and pay the first premium within 31 days after your group policy ends.