Life Insurance

Enrollment

The City of Madison offers optional life insurance. Employees may sign up upon starting employment with the City. After this initial enrollment period, an employee will be required to provide evidence of good health through the underwriting process to enroll or to increase the amount of coverage.

Beneficiary

Benefits for loss of your life are payable to the beneficiary designated on your enrollment form. If you wish to change a beneficiary, contact Human Resources to fill out a Beneficiary Change form.

Changing Coverage

An increase in life insurance coverage by one level, or addition of dependent unit(s) of coverage may be made within 31 days following the qualifying event that is the basis for the change. A request to increase life insurance coverage by more than one level, or to increase life insurance coverage or add dependent unit(s) of coverage outside of 31 days following a qualifying event, requires an Evidence of Insurability application.

Coverage Options

Basic Coverage: The employee's highest annual salary rounded to the next highest thousand (minimum $10,000).

Supplemental Coverage:
50% Supplemental = Basic Coverage + 50% (basic coverage x 1.5)
100% Supplemental = Basic Coverage + 100% (basic coverage x 2)
200% Supplemental = Basic Coverage + 200% (basic coverage x 3)

Cost

Age Group Cost Per $1000 Coverage
Under 25 $ .05
25-29   .06
30-34   .08
35-39   .09
40-44   .10
45-49   .15
50-54   .23
55-59   .43
60-64   .57
65-69*   .57
over 69* Free (basic coverage only)

*over age 65 rates and coverage apply only if working

Dependent Coverage

Employees may also purchase up to two (2) units of Dependent Coverage, designed to help with final expenses for the death of a dependent. Each unit of dependent coverage equates to $10,000 of coverage on a spouse and $5,000 for each dependent child to age 21 or age 25 if the dependent child is a full-time student. Each unit costs $1.75 per month.

More Information

For more information, please see the Employee Benefits Handbook and the Life Insurance Informational Handout, or learn more about the provider.

Duty Disability: Fire

Duty Disability: Police

Increase in Amount of Life Insurance