Two types of life insurance are available, term life insurance and universal life insurance. The life insurance is provided by Provident Life and Accident Insurance Company, Chattanooga, Tennessee. Employees may enroll during the initial 30-day enrollment period when they are first employed with a guaranteed issuance. After the initial enrollment, employees may apply for coverage during the annual enrollment period from October 15 through November 15. A health questionnaire will be required and application can be denied.
Premiums are lower and increase with age.
Coverage is available for the employee, spouse and children. Universal life insurance offers a death benefit, cash accumulation and policy loans. Level premiums are set that will not increase with age. For additional information, please contact the HRS office at extension 2929. E-mail questions and comments to Linda Cooper or Lisa Batey.