Eligibility

Employees working at least 18.5 regularly scheduled hours per week have a basic term life insurance policy along with accidental death & dismemberment coverage provided by Knox County Schools at no cost to the employee.

Policy Type

Term Life – Effective while you are an active employee. Employees may convert to a Whole Life policy upon retirement or exit from Knox County Schools at the expense of the employee.

Policy Value

• Basic Life Policy – 1.5 times annual salary with a minimum benefit value of $20,000 and maximum benefit value of $50,000. 
• Accidental Death & Dismemberment – The lesser of 2 times your basic yearly earnings or $100,000.

Effective

Date of hire.

Employee Supplemental Life

Employees may purchase additional life insurance coverage in addition to the free basic benefit provided by Knox County Schools. Premiums are based on your age.

Spouse Life Insurance

Employees may purchase supplemental spouse life insurance coverage in the amount of $10,000, $20,000, or $30,000. The premium rate is the same regardless of age.

Child Life Insurance

Employees may purchase supplemental child life insurance coverage in the amount of $5,000 for each child. The premium rate is $1.10 per month regardless of how many children are covered. Coverage can begin at 15 days and continue until the age of 26.

Enrollment Eligibility

• New Hires - New hires can enroll in any amount of coverage within the first 30 days of employment without medical underwriting.
• During Open Enrollment - Employees can increase their current amount of coverage one level during open enrollment. Also, if an employee has never enrolled in supplemental life insurance, they may do so during open enrollment at the lowest level of $15,000. If an employee wishes to enroll in a higher amount, medical underwriting through Symetra is required.

Cancelling Coverage

Life insurance can be cancelled or lowered at any time.

Premiums