Voluntary Life and AD&D
Voluntary Life and AD&D
Pflugerville ISD offers eligible employees term life insurance through The Standard. Life insurance will provide financial protection and security to family members or other beneficiaries. Additionally, if your death is a result of an accident or if you become dismembered, your Accidental Death & Dismemberment (AD&D) coverage may apply.
For you:
You are eligible to elect an amount between $10,000 and $500,000, in increments of $10,000 not to exceed five times your annual salary. The guarantee issue amount is $200,000. Elections over this amount require Evidence of Insurability*.
For your spouse:
Your spouse is eligible to elect between $5,000 and $100,000, not exceeding the employee election. The guarantee issue amount is $50,000. Elections over this amount require Evidence of Insurability*.
For your dependent child(ren):
The guarantee issue amount is $10,000. A child's maximum amount is $10,000 as long as the employee selects $10,000 or more.
At 65, the benefit amount will reduce to 65% of the original election for employees and spouses.