Randolph County Schools, NC | Plan Year: November 1, 2008 - October 31, 2009

Term Life Plan       Basic Employee Life Insurance   Optional Employee Life Insurance   Optional Dependent Life Insurance   Features   Rates         MetLife Contact                                           Please call your Personnel Office for all questions concerning this plan.

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Basic Employee Life Insurance
This insurance is payable for death from any cause to any person you name as beneficiary. All active employees have Basic Accidental Death & Dismemberment coverage.

All eligible employees . . . . . . . . . . . . . .$5,000*
(No cost to you)

*See "Reductions at age 65 & Over."

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Optional Employee Life Insurance & AD&D INSURANCE
Your employer-sponsored basic life coverage provides important protection for you, but you may need to add to that protection. Now you can... at low group rates and through payroll deductions.

To help meet this need, you now have the opportunity to elect additional group life insurance under the optional portion of your program to go along with any personal insurance coverage you may have.

Your choice of the following amounts:
$200,000, $100,000, $50,000, $40,000, $30,000, $20,000 or $10,000

(To be eligible for $200,000 of coverage you must furnish medical evidence of insurability satisfactory to MetLife).

See Rates

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Optional Dependent Life Insurance
Provides coverage on:
• Your Spouse
• Child(ren) from 14 days of age to age 19 (up to age 25 if wholly dependent upon you for maintenance and support and if enrolled as a full-time student in an accredited school or college). Handicapped children can continue to be covered with no age limit. (It is your responsibility to notify payroll in writing when a dependent is ineligible for coverage. Examples of ineligible dependent status are divorce or a child graduates from college.)

$10,000 on your spouse
$5,000 on each of your eligible children

You choose either:
• Family coverage
• Spouse only coverage; or
• Child(ren) only coverage

Optional Dependent Life Insurance is available only to those eligible employees who are insured for Employee Optional Life Insurance. If both husband and wife are employees of Randolph County Schools, only one can cover the dependent children.

See Rates

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Features
The plan features easy eligibility and simple enrollment procedures. AND. . . There is no need for a medical exam if you sign up during the enrollment period. Furthermore, automatic payroll deductions simplify paperwork. This means less bookkeeping for you and no worries about a lapse in coverage due to missed payments.

Low Cost
Your cost is lower than for comparable insurance on an individual basis due to the "wholesale" economies inherent in group insurance. Additionally, the system absorbs the cost of administering the program which is underwritten by MetLife - a leader in the field of group coverage.

Eligibility
You will be eligible for this program if you are a full-time active employee.

Enrollment
Enrollment is simple - just fill out the election card provided by your employer. Make sure you supply all the required information and return the form where you work. That's all. You will be notified as to when coverage starts.

Beneficiary
You have the right to designate the beneficiary of your choice under employee coverage. You are automatically the beneficiary under Dependent Life.

When your insurance starts
Your Basic Employee Life Insurance becomes effective on the date of your eligibility if you are then actively at work; otherwise, on the day you return to active work.

If you meet the eligibility requirements described above for date of enrollment and for effective date of coverage, your Optional Employee Life Insurance, if you have enrolled for that coverage, will become effective on the date of your eligibility provided you are then actively at work; otherwise, on the day you return to active work. If you enroll for Optional Dependent Life Insurance, that coverage will become effective on the date your Optional Employee Life Insurance becomes effective, for any dependents who meet the eligibility requirements described above.

If you or any dependents do not satisfy the eligibility requirements described above for date of enrollment and for effective date of coverage, that person will not become insured for Optional Life Insurance until such person has furnished medical evidence of insurability satisfactory to MetLife.

Reductions at age 65 and over
If you remain in active service beyond age 65 your combined amount of Basic and Optional Employee Life Insurance will be as follows:

Termination of Coverage
All insurance under this plan will terminate with the earliest of the following events. The events include: termination upon retirement, termination of employment, plan cessation or withdrawal from the plan. Nevertheless, if you should die within 31 days thereafter, your life insurance will still be paid to the beneficiary. If any of your covered dependents should die within such 31 day period, the amount of Life Insurance on account of such dependent will be paid to you.

Disability
Your insurance may be continued during your disability provided the Board of Education continues premium payments on your behalf. However, your insurance will be subject to reduction as shown under " Reductions at ages 65 & Over."

Conversion
If your employment terminates while you are covered under the plan, you may purchase without medical evidence of insurability, any individual insurance policy, except a term policy, issued by Metropolitan Life in any amount up to the amount of your coverage in effect on your date of termination. You must apply for this policy within 31 days after the date your employment terminates. This privilege applies to Optional Dependent Life Insurance as well as the Basic Employee Life Insurance.

Portability
Portability allows employees whose coverage ends due to certain qualifying events to continue their current (or a lesser) amount of insurance. Portability applies to Employee Optional Life Insurance not dependent(s).

Qualifying Events Include:
• Termination of Employment
• Retirement
• Change in employee class which results in the termination of Optional Life Benefits.

The minimum face amount which an employee may elect portability is $20,000. Portable coverage reduces to 50% on January 1st of the year the insured attains age 70 and terminates on January 1st of the year the insured attains age 80. When portable coverage ends, insured individuals have the right to convert to an individual policy.

The Accelerated Benefit Option (ABO)
Metropolitan Life Insurance Company has included an Accelerated Benefit Option (ABO) as part of your group life benefits. Under this option, if you are diagnosed as having a terminal illness, you may be eligible to receive a portion of your group life benefits at such a difficult time. Please refer to your Group Certificate for details.

Suicide Exclusion
No Optional Employee Life Benefits are payable if you commit suicide within two years from the effective date of the coverage.

Claims Procedure

Procedures for Presenting Claims for Benefits
Claim forms needed to file for benefits under the group insurance program can be obtained from your employer who will also be ready to answer questions about the insurance benefits and to assist in filing claims. The instructions on the claim form should be followed carefully. This will expedite the processing of the claim. Be sure all questions are answered fully.

Routine Questions
If there is any question about a claim payment, an explanation can be requested from your employer, who is usually able to provide the necessary information.

YOUR MONTHLY COST

 


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