Additional term life insurance
A comprehensive life insurance program designed exclusively for Saint Paul Public Schools.
This program, available to you through your group plan:
- Lets you choose the insurance amount you need to fit your financial situation. You can apply for insurance in units of $5,000, up to the $400,000 maximum.
- Protects you with broad coverage. The insurance benefit is doubled in the event of accidental death. If an insured person should ever become diagnosed as terminally ill with 12 months or less to live, the Accelerated Death Benefit allows the insured to receive a benefit payment from the policy while alive.
- Provides coverage for your spouse. Your spouse can apply for insurance in units of $5,000, up to the $400,000 maximum.
- Gives you an opportunity to insure your children. You can obtain $10,000 of insurance for each dependent child from live birth until 26 years of age.
- Is easy on the budget, thanks to affordable group rates.
- Keeps working even when you can't. If you become totally and permanently disabled according to the terms of your certificate, life insurance premiums may be waived.
- Can be automatically converted if you leave your job. If you leave or retire from your job, you can switch this coverage to a Minnesota Life individual insurance policy without answering questions about your health. Premiums may be higher than those for active employees.
- Includes special provisions for new employees. New employees who enroll in this plan within 30 days of eligibility may obtain $150,000 for themselves (age 59 and under) and $25,000 for their spouse and $10,000 for their children without answering questions about their health. See your Human Resources department for the guaranteed issue amounts.
Contact your Human Resources Office to participate in the Optional Term Life Insurance Program.
Products offered under policy form series 01-30364.