Life Insurance Carrier - The Standard
All benefit-eligible employees are provided with $25,000 in term life insurance by the County. During Open Enrollment employees may increase current Optional Term Life coverage by one $25,000 increment to a maximum of $300,000 without proof of good health (if not previously declined).
Broward County offers Group Term Life and AD&D Insurances through The Standard.
Optional Term Life Insurance
Benefit-eligible employees may elect to purchase up to an additional $300,000 of Group Term Life and AD&D insurance. Optional Life insurance is available in $25,000 increments. Rates are based on the employee's age and coverage level elected. Premiums automatically increase according to 5-year age bands.
- Optional Term Life Insurance elected during newly benefit-eligible waiting period does not require Evidence of Insurability up to the guarantee issue amount of $150,000. Amounts over the guarantee issue require Evidence of Insurability (EOI).
- Optional Term Life elected after the waiting period is subject to Evidence of Insurability and approval by The Standard.
Note: If enrolled in Optional Term Life, each year at Open Enrollment you may increase your amount by $25,000 (up to a max of $300,000) with no Evidence of Insurability requirements.