| 2007 PEBB Dependent Life Insurance |
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| What is dependent life? |
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PEBB offers employees the opportunity to purchase life insurance coverage for all eligible dependents, including a partner or spouse, for $5,000 per dependent. You do not need to submit a medical history for this coverage.
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| What does it cost? |
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The cost is $1.29 per month for any number of dependents. You must self pay for this coverage; the state does not contribute toward this benefit. The premium payment is deducted post-tax.
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| Is this term life insurance? |
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Yes. The benefit is payable if the insured dies during a specified period. This type of insurance does not accumulate cash value. You are the beneficiary.
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| When can I apply? |
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- During Open Enrollment: the benefit is effective January 1 of the new plan year.
- As a newly hired employee, within 60 days of your hire date: the benefit is effective the first of the month following the date you enroll online or your agency receives your completed enrollment form.
- When you experience a qualified status change: the benefit becomes effective the first of the month following the date your agency receives your completed Life and Disability Update form.
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