Life Insurance

Pinellas County’s life insurance plans are administered by Standard Insurance Company.

• Life Insurance Plan
• Proof of Insurability Form
• Basic Coverage
• Supplemental Coverage
• Reduction in Coverage at Age 65
• Beneficiary Change
• Accidental Death & Dismemberment
• Dependent Life Insurance
• Disability & Terminal Illness Waiver
• Leaving Employment
• Wrap Plan (TransAmerica)
• Additional Benefits (travel assistance, estate planning, identity theft prevention, legal assistance)

Basic Coverage:

• No cost to the employee
• The County provides basic Group Term Life Insurance to all permanent employees working at least 20 hours per week at no cost in an amount equal to your annual salary rounded up to the next $1,000.
  • Example: If your salary is $43,500, you receive $44,000 in life insurance at no cost.

Supplemental Coverage:

You may purchase supplemental life insurance in addition to the basic coverage.

• The employee pays 100% of the cost.
• Supplemental coverage is available in multiples of $5,000, up to five times your annual salary or $250,000, whichever is less.
• No proof of insurability or medical examination is required if the coverage is purchased at the time of initial enrollment, provided the optional coverage does not exceed three times the base salary.
• Rates for life insurance coverage are based on your age group (see chart at right).
• Moving to a new age group becomes effective on the first day of the month after your birthday.
• Proof of insurability may be required due to late application or excess coverage:
  • Complete the Proof of Insurability form
  • Print and sign the completed form.
  • Scan the signed form and email it to employee.benefits@pinellascounty.org, or send the form to Employee Benefits, Annex, 400 S. Ft. Harrison Ave, Clearwater FL 33756.

Reduction in Coverage at Age 65:

• There is a reduction in coverage provision built into both the basic and supplemental life insurance plans beginning at age 65. See the schedule shown at right.
  • Example: If Tim has $60,000 in life insurance, when he turns 65, his policy value will be reduced to a value of 65% which is $39,000. When Tim turns 70, his policy value will be reduced to a value of 45% which is $27,000. When he turns 75, the policy value will be reduced to a 30% value which is $18,000 and when he turns 80, the value will be reduced to a 20% value of $12,000.

Beneficiary Change:

• You may change your life insurance beneficiary at any time. Keep this in mind if you have a change of status event such as a marriage. 
• To change your beneficiary, go to:
  • OPUS > PIN Employee Self Service > Benefits > Beneficiaries
  • You will need to enter the social security number for your new beneficiary.
    
    

Accidental Death & Dismemberment Benefit:

• An AD&D (Accidental Death & Dismemberment) provision applies to both the employee’s County-paid basic coverage and employee-paid supplemental coverage.
• This benefit increases the amount payable for certain types of dismemberment or accidental death. 
• AD&D does not apply to spouse/children optional dependent coverage listed below.
• For more info, see the Life Insurance Plan.

Dependent Life Insurance:

You may purchase supplemental life insurance for your spouse or dependents. You will receive the benefit payment if the covered person dies while covered under the policy.

• Employee pays 100% of the cost.

• Dependent Life Insurance does not require a beneficiary designation. The employee is the beneficiary.
• There are two package options offered based on the coverage desired. The cost is the same regardless of the number of people you are covering.
• Coverage for dependent children is from live birth through age 25. Continued coverage may be available for disabled children. Refer to the definition of a child in the Group Life Insurance Policy for more information.

Disability and Terminal Illness Waiver:

• The life insurance plan contains a provision to waive premium and continue coverage for employees who are totally disabled for at least six consecutive months.
• There is an accelerated death benefit to provide immediate payment for terminally ill employees with a life expectancy of 12 months or less if under age 60. See the Life Insurance Plan for more info.

Leaving Employment:

Upon leaving County employment, there are a few options to continue your life insurance coverage:

• If retiring, the basic life insurance amount may be continued as a County retiree. See Retiree Life Insurance.
• If you are not retiring, you may be able to continue your coverage through a portability or conversion option with The Standard. Please contact The Standard’s Continued Benefits Department at (800) 378-4668, press 7, and then dial extension 6785 for detailed rate information.

Wrap Plan (TransAmerica):

• Wrap Plan Group Universal Life Coverage with TransAmerica is no longer accepting new enrollments.
• Employees that already have this coverage should call TransAmerica Wrap Plan Customer Service at (888) 763-7474 for information or assistance with their coverage.

Additional Benefits:

• The Standard provides other benefits to employees covered by the life insurance plan at no additional cost including:
  • Travel assistance: flyer | testimonial
  • Estate planning, legal assistance, financial planning, funeral arrangements, identify theft prevention - see Life Services Toolkit

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