Your coverage amounts are determined by your credential and your district's record of payment of the Pensions and Benefits Fund. If 90 percent or more of the Pensions and Benefits Fund is paid by your district in the previous year, your coverage is automatically increased. Coverages increase as indicated in the Basic Life Plan of Coverage chart. You may name your spouse, person of your choice, or church institution of your choice. It may be changed at any time.
Forms are available upon request.
If you do not designate a beneficiary or if no designated beneficiary survives you, the Preferential Beneficiary Provision is effective. Basic coverage will be effective the day you become eligible. Once official notice of your eligibility is received by Pensions and Benefits USA, a Certificate of Insurance will be sent to you. Changes in coverage are effective the first of the month after 45 days following the close of the district assembly and will be based on the percent of the Pensions and Benefits Fund that has been paid by the district . Changes in coverage are effective the first of the month after 45 days following the close of the district assembly and will be based on the percent of the Pensions and Benefits Fund that has been paid by that district .