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 the Self Service Portal, 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.