Basic Life and AD&D
Term life insurance can protect your loved ones against the financial hardships of your death by giving them the means to manage certain expenses. All City of Bridgeport employees are provided term life insurance through Aetna U.S. Healthcare in the amount of $30,000. The City of Bridgeport pays 100% of the cost.
Some of the benefits included are a Premium Waiver, which pays the premium should you become disabled. You also have the ability to convert to an individual life policy should your employment end with the City.
Supplemental Life and AD&D
Voluntary term life insurance is available now to you and your family at coverage levels that meet your family’s financial needs. This insurance is voluntary because, as an employee, you pay 100 percent of the premiums through a convenient deduction from your paycheck. Also, purchasing through your employer ensures you’ll receive a competitive rate.
It may never be easier to add this important insurance – all you have to do is sign up during your enrollment period, and you’ll receive a guaranteed dollar amount of life insurance coverage. By signing up for the minimum amount of coverage, you protect your ability to buy additional insurance in the future under this plan, should your needs change (for example, if you get married or have a child). Please keep in mind that you will need to complete a health application and/or physical examination if you do not sign up during your initial enrollment period or choose to purchase an amount over the Guaranteed Issue limit.
Available Coverage Options:
Employees may choose amounts in increments of $10,000 up to 3X their Annual Salary up to a maximum of $300,000. Guarantee Issue amount is $150,000 without Evidence of Insurability.
Spouse is 50% of employee benefit in $5,000 increments up to a maximum of $100,000. Guarantee Issue amount is $20,000 without Evidence of Insurability.
Child(ren) in increments of $1,000 up to a maximum of $10,000. Guarantee Issue amount is $10,000.