Term Life Insurance and Optional AD&D
Term Life Insurance is offered to eligible employees through two different vendors, UnitedHealthcare and Prudential.
This plan provides guaranteed issue of coverage up to 5 times your annual salary or $500,000, whichever is less, if you enroll within 30 days of your benefits eligibility. Premiums are age-based and will adjust according to age.
The maximum amount you may purchase cannot exceed $1,000,000. Any amount purchased over $500,000 will require you to provide evidence of good health/insurability. If elected, your AD&D policy will be equal to the term life insurance amount.
Spouse coverage is available up to 50% of the amount of employee coverage, up to $100,000, if you enroll him/her within 30 days of your benefits eligibility or within 30 days from your date of marriage. AD&D coverage available in increments of $5,000, $5,000 minimum to $100,000, not to exceed 50% of the employees amount.
You may elect child(ren) Life Insurance coverage in the amount(s) of $5,000, $10,000, $15,000 or $20,000 for each eligible dependent child – no medical information required. Dependent Child(ren) are 14 days to 26 years of age. AD&D coverage available in increments of $5,000, $5,000 minimum to $20,000, not to exceed 50% of the employees amount.
*It is the employee’s responsibility to notify the Payroll Department to stop deductions when the youngest child is no longer eligible.
AD&D provides benefits due to certain injuries or death from an accident. The covered injuries can occur up to 365 days after the accident. The AD&D insurance pays certain percentages of the benefit amount based on the injury sustained. If elected, AD&D must match voluntary life elected amount. Premium Calculation Sheets.
Scheduled benefit amounts*
Loss of Life - 100%
Paraplegia - 75%
Coma - 50%
Loss of sight in both eyes - 100%
Loss of hearing - 50%
*Sample of scheduled benefits
This coverage is offered by Prudential through payroll deduction for State of Louisiana employees and offers two plan options at a flat rate of $0.50 per $1,000 of coverage for both plans. Both of these plans allow you to continue coverage into retirement at the same rate.
The Basic Plan offers $5,000 of coverage.
The Basic + Supplemental Plan offers coverage of 1.5 times your salary up to $50,000.
If you are terminating employment but would like to continue your Term Life Insurance coverage with Prudential, you can port your coverage using these forms:
Employee/family member needing to file a claim should contact the Office of Human Resource Management, 225-578-8200.