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This booklet provides answers to common questions about Group Additional Life insurance offered to Jefferson County Public Schools employees by Standard Insurance Company.
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How to fill out group additional life insurance

01
Contact your HR department or insurance provider to get information on group additional life insurance options.
02
Review the different coverage options available and choose the one that best fits your needs.
03
Fill out the enrollment form provided by your HR department or insurance provider with accurate information.
04
Designate your beneficiaries and specify the amount of coverage you want.
05
Submit the completed form to your HR department or insurance provider for processing.

Who needs group additional life insurance?

01
Anyone who wants to provide financial protection for their loved ones in the event of their death.
02
Employers looking to offer an additional employee benefit to attract and retain talent.
03
Individuals who may not qualify for individual life insurance or want a more affordable option.
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Group additional life insurance is a type of life insurance policy that provides coverage to a group of people, typically employees of a company, in addition to any basic life insurance offered by the employer. It allows members of the group to purchase extra life insurance at a lower cost.
Employers who offer group additional life insurance to their employees are typically required to file specific documents and reports related to the policy with the appropriate regulatory bodies.
To fill out a group additional life insurance application, participants generally need to provide their personal information, select the coverage amount, and may need to answer health-related questions or undergo medical underwriting, depending on the insurer's requirements.
The purpose of group additional life insurance is to provide employees with an opportunity to secure further financial protection for their beneficiaries in the event of their death, often at a more affordable rate compared to individual policies.
Information that must be reported on group additional life insurance includes the names of insured members, their coverage amounts, premium payments, policy terms, and any changes in beneficiary designations.
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