Life Insurance
Life Insurance Texas Employees Group Benefits Program (GBP)
1-800-778-2281 for Customer Service
or write to:
Group Life and Health Ins. Co.,
Customer Service Dept.,
P.O. Box 655403,
Dallas, TX 75265-5403
Term life insurance is provided at no charge by the District up to twice the employee's annual salary. Elections for one and two times annual salary do not require evidence of insurability (EOI) during initial period of eligibility, otherwise EOI is required. Employees may purchase up to an additional two times their annual salary (for a total of 4 times the salary) with a required EOI. Also, the state Employee Retirement System (ERS) provides $5000 of term life insurance at no cost. Any premiums paid by the District for life insurance coverage in excess of $50,000 are subject to Federal income tax, and will be shown as taxable income on the W-2.
Accidental death & dismemberment (AD&D) provides an additional benefit in the event of the employee's accidental death. ERS provides $5000 of coverage at no cost to employees. Additional benefits under AD&D benefits may be purchased by employees under age 70.
Additional information is available on the ERS Web site:
www.ers.state.tx.us/Insurance