Life Insurance

FY20 Life Insurance Information:

 

Basic Life Insurance:

The State of South Dakota provides each benefited employee $25,000 of Basic Life Insurance coverage. Employees cannot port Basic Life coverage but they can convert it if they leave employment with the state.

Supplemental Life Coverage:

You may choose supplemental life coverage levels of one, two, three, four, five, six, or seven times your annual salary up to $1,000,000 through MetLife. If you are applying for six or seven times your salary coverage, or over $400,000, or an increase to your current amount, outside of your 30-day new hire enrollment period, you need to go through an approval process. The MetLife Supplemental Life Insurance Plan is portable, meaning you may be able to continue the policy on your own when you end employment with the State up to age 99.

To enroll for coverage under this Plan:

Dependent Life Coverage:

Employees who are covered under Supplemental Life Coverage may elect $10,000 Dependent Life Coverage.

To enroll for coverage under this Plan:

You must be enrolled in Supplemental Life Coverage-see above on how to enroll.

Accidental Death and Dismemberment (AD&D) Coverage:

Employees who are covered under Supplemental Life Coverage may elect AD&D Coverage.

To enroll for coverage under this Plan:

  • AD&D Coverage equals your Supplemental Life Coverage.
  • If you add AD&D to your supplemental life and elect dependent life, AD&D will automatically be added to the dependent life.
  • You must be enrolled in Supplemental Life Coverage-see above on how to enroll.

 

FY19 Life Insurance & Accidental Death & Dismemberment (AD&D) Overview and Rates