Dependent Child Term Life Insurance provides the opportunity for individuals to purchase term life insurance protection for his or her dependent children.
Dependent child coverage is available in $5,000 increments to a maximum coverage of $25,000 per child.
Underwriting is never required for the Dependent Child Life Insurance plan.
Employees may only change coverage during Open Enrollment, using Self Service, or within 31 days of a qualifying change in family or employment status, by completing the Benefits Change Form
.
Monthly premium rate is $.128 per $1,000 of coverage.