Term Life Insurance
Pflugerville ISD offers eligible employees term life insurance through Lincoln Financial. You must elect optional life coverage for yourself in order to cover your spouse and/or children.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. If electing coverage for your spouse the rate is based on your age, not your spouses.For your spouse:Your spouse is eligible to elect an amount between $5,000 and $100,000, in increments of $5,000 not to exceed 50% of the employee elected amount. The guarantee issue amount is $50,000.For your dependent child(ren):For your dependent children you can purchase $10,000 for each child with a single monthly premium regardless of the number of children. Coverage beings from age 6 months to 26 years old or $250 for each child age 14 days to 6 months.
If coverage has been in force for at least 12 months, you may continue coverage for a specified period of time after your employment by paying the required premium. Portability is available if you cease employment for a reason other than total disability or retirement at Social Security Normal Retirement Age. A written application must be made within 31 days of your termination.”Lincoln Financial Group - 1-800-423-2765