Retired Employees - Supplemental Term Life Insurance
Life insurance pays your beneficiary in the event of your death.
As a newly retired employee of the State of California, you’re eligible to continue your Group term life insurance for yourself, spouse/domestic partner and child(ren). Please contact MetLife within 30 days of retirement to initiate continuation of your coverage in retirement.
As an existing retired employee of the State of California, who has elected to continue your group term life into retirement, this page provides current plan information.
Benefits
Basic and Supplemental Term Life Insurance
Eligibility and enrollment details.
Optional Accidental Death & Dismemberment
Complement your Supplemental Term Life Insurance with coverage for severe accidents or loss of life on or off the job.
MetLife AdvantagesSM
A comprehensive suite of valuable services for support, planning, and protection when you need it most.
As a newly retired employee of the State of California, you’re eligible to continue your Group term life insurance for yourself, spouse/domestic partner and child(ren). Please contact MetLife within 30 days of retirement to initiate continuation of your coverage in retirement.
As an existing retired employee of the State of California, who has elected to continue your group term life into retirement, this page provides current plan information.
Optional Accidental Death & Dismemberment (OAD&D) insurance pays benefits if you suffer a covered accident that results in paralysis or the loss of a limb, speech, hearing or sight, or if you covered a fatal accident.
MetLife will review your information and evaluate your request for coverage based upon your answers to the health questions, MetLife’s underwriting rules, and other information you authorize us to review. In certain cases, MetLife may request additional information to evaluate your request for coverage.
- Will Preparation and Estate Planning Services1
Helping to ensure final wishes are clear. Employees can choose to complete wills and other important estate planning documents quickly and easily online with access to online notary services or work one-on-one with an attorney, in-person or on the phone to prepare or update a will, living will or power of attorney.
- Total Control Account®2
Reducing the pressure of immediate financial decisions. Your beneficiaries can take their time to make the right decision with the flexible settlement option that gives full access to policy funds while earning a guaranteed minimum interest rate.
- Funeral Discount & Planning Services3
Helping to alleviate the burden of making funeral arrangements for your loved ones. Get access to one of the largest network of funeral homes and cemeteries to pre-plan with a counselor and receive discounts on funeral services.
Additional plan features:
- Accelerated Benefits Option4
You can receive up to 80% of your Supplemental Term Life Insurance proceeds to a maximum of $250,000 in the event that you become terminally ill and are diagnosed with less than six (6) months to live.
I. Useful Links
II. Coverage Amounts & Rates
Coverage Amount
| Amount of Coverage Before Age 65 | Reduction at Age 65 | |
|---|---|---|
| Basic Life | $25,000 $50,000 |
50% |
| Basic Accidental Death & Dismemberment | An amount equal to the amount in effect on the day before the date you retire | 50% |
| Supplemental Term Life Insurance | An amount equal to the amount in effect on the day before the date you retire | 50% |
| Supplemental Accidental Death & Dismemberment | An amount equal to the amount in effect on the day before the date you retire | 50% |
| Dependent Life Spouse | An amount equal to the amount in effect on the day before the date you retire | Not Applicable |
| Dependent Life Child | An amount equal to the amount in effect on the day before the date you retire | Not Applicable |
- Cost is based on your age and the amount of coverage elected.
- Monthly administrative fee is $0.45 cents.
- Monthly cost for dependent child(ren) covers all eligible child(ren).
- Employee rate is inclusive of Accidental Death & Dismemberment Insurance.
Rates
| Basic Life Insurance | Amount of Coverage | Monthly Premium |
|---|---|---|
| Supervisory: Under Age 65 | $25,000 | $41.25 |
| Supervisory: Over Age 65 | $12,500 | $20.63 |
| Management: Under Age 65 | $50,000 | $82.50 |
| Management: Over Age 65 | $25,000 | $41.25 |
Supplemental Term Life Insurance
The rates shown are the monthly cost per $1,000 of coverage.
| Age | Rate |
|---|---|
| Under 30 | $0.113 |
| 30 to 39 | $0.136 |
| 40 to 44 | $0.266 |
| 45 to 49 | $0.545 |
| 50 to 54 | $0.743 |
| 55 to 59 | $1.015 |
| 60 to 64 | $1.288 |
| 65 to 69 | $2.524 |
| 70 to 74 | $3.825 |
| 75+ | $5.706 |
| Dependent Life Insurance | Amount of Coverage - Spouse/Domestic Partner | Amount of Coverage - Child | Monthly Premium |
|---|---|---|---|
| Under Age 65 | $7,500 | $7,500 | $2.31 |
| Under Age 65 | $15,000 | $7,500 | $4.84 |
| Under Age 65 | $25,000 | $7,500 | $7.73 |
| Under Age 65 | $50,000 | $7,500 | $15.44 |
| Over Age 65 | $7,500 | $7,500 | $9.06 |
| Over Age 65 | $15,000 | $7,500 | $18.14 |
| Over Age 65 | $25,000 | $7,500 | $30.23 |
| Over Age 65 | $50,000 | $7,500 | $60.44 |
Coverage Amount
| Amount of Coverage | Reduction at Age 65 and Age 70 | |
|---|---|---|
| Basic Life | Prior to age 65 an amount equal to the amount in effect on the day before the date | Age 65 - 50% Age 70 - 5k |
| Basic Accidental Death & Dismemberment | Prior to age 65 an amount equal to the amount in effect on the day before the date you retire | Age 65 - 50% Age 70 - 5k |
| Supplemental Term Life Insurance | Prior to age 65 an amount equal to the amount in effect on the day before the date you retire | Age 65 - 50% |
| Supplemental Accidental Death & Dismemberment | Prior to age 65 an amount equal to the amount in effect on the day before the date you retire | Age 65 - 50% |
| Dependent Life Spouse | An amount equal to the amount in effect on the day before the date you retire | Not Applicable |
| Dependent Life Child | An amount equal to the amount in effect on the day before the date you retire | Not Applicable |
- Cost is based on your age and the amount of coverage elected.
- Monthly administrative fee is $0.45 cents.
- Monthly cost for dependent child(ren) covers all eligible child(ren).
- Employee rate is inclusive of Accidental Death & Dismemberment Insurance.
Rates
| Basic Life Insurance | Amount of Coverage | Monthly Premium |
|---|---|---|
| Supervisory: Under Age 65 | $25,000 | $64.38 |
| Supervisory: Age 65 - 69 | $12,500 | $32.19 |
| Supervisory: Age 70 & over | $5,000 | $12.88 |
| Management: Under Age 65 | $50,000 | $128.75 |
| Management: Age 65 - 69 | $25,000 | $64.38 |
| Management: Age 70 & over | $5,000 | $12.88 |
Supplemental Term Life Insurance
The rates shown are the monthly cost per $1,000 of coverage.
| Age | Rate |
|---|---|
| Under 30 | $0.10 |
| 30 to 39 | $0.13 |
| 40 to 44 | $0.24 |
| 45 to 49 | $0.49 |
| 50 to 54 | $0.67 |
| 55 to 59 | $0.92 |
| 60 to 64 | $1.16 |
| 65 to 69 | $2.28 |
| 70 to 74 | $3.45 |
| 75+ | $5.14 |
| Dependent Life Insurance | Amount of Coverage - Spouse/Domestic Partner | Amount of Coverage - Child | Monthly Premium |
|---|---|---|---|
| Under Age 65 | $7,500 | $7,500 | $2.31 |
| Under Age 65 | $15,000 | $7,500 | $4.84 |
| Under Age 65 | $25,000 | $7,500 | $7.73 |
| Under Age 65 | $50,000 | $7,500 | $15.44 |
| Over Age 65 | $7,500 | $7,500 | $9.06 |
| Over Age 65 | $15,000 | $7,500 | $18.14 |
| Over Age 65 | $25,000 | $7,500 | $30.23 |
| Over Age 65 | $50,000 | $7,500 | $60.44 |
III. Life Insurance FAQs
They’re a cost-effective way to protect your family and finances in the event something happens to you. For many people, they help ensure that if something unforeseen should happen, short- and long-term financial obligations could be met. If you have a spouse, partner and/or children, they may rely on you to help keep the household running. It’s important to take steps to make sure your family would be financially prepared if you were no longer there to handle expenses like:
- Mortgage or rent payments
- Insurance premiums
- Transportation
- Utilities
- Child care/education fees
- Credit card bills
Newly retired member coverage will go into effect upon receipt of your request to continue coverage, we will send you a bill asking for your first 3 months of premiums to be submitted by check, after which your premiums will be deducted from your monthly retirement check. Failure to submit payment will result in cancellation of your coverage with no further communication.
If you wish to continue active employee group term life coverage into retirement, please complete the bottom portion of the letter that has been mailed to you. You can return the letter to us in the envelope provided or you can fax it to us at 1-859-825-6719 or call the Call Center at 800-252-8524, Monday-Friday, 8:00 a.m. - 4:30 p.m., PT (excluding holidays).
How much Life insurance should you have?
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Protect what matters most
Take control of your life insurance coverage so you’ll have the right protection in place for you and your family at all times.
1 Included with Supplemental Term Life Insurance. Will Preparation and Estate Resolution Services are offered by MetLife Legal Plans, Inc., Cleveland, Ohio. In certain states, legal services benefits are provided through insurance coverage underwritten by Metropolitan General Insurance Company, Warwick, Rhode Island. For New York sitused or principally located cases, the Will Preparation service is an expanded offering that includes office consultations and telephone advice for certain other legal matters beyond Will Preparation. Tax Planning and preparation of Living Trusts are not covered by the Will Preparation Service. Certain services are not covered by Estate Resolution Services, including matters in which there is a conflict of interest between the executor and any beneficiary or heir and the estate; any disputes with the group policyholder, MetLife and/or any of its affiliates; any disputes involving statutory benefits; will contests or litigation outside probate court; appeals; court costs, filing fees, recording fees, transcripts, witness fees, expenses to a third party, judgments or fines; and frivolous or unethical matters.
2 Subject to state law, and/or group policyholder direction, the Total Control Account is provided for all Life and AD&D benefits of $5,000 or more. The assets backing the Total Control Account (TCA) are maintained in the general account of MetLife or the Issuing Insurance Company. These general accounts are subject to the creditors of MetLife or the respective Issuing Insurance Company. MetLife or the Issuing Insurance Company bears the investment experience of such assets and expects to earn income sufficient to pay interest to TCA Accountholders and to make a profit on the operation of the TCAs. Regardless of the investment experience of such assets, the effective annual rate on the Account will not be less than the rate guaranteed on the welcome guide. The TCA and other available settlement options are not bank products and are not insured by the FDIC or any other governmental agency. In addition, while the funds in your account are not insured by the FDIC, they are guaranteed by each state’s insurance guarantee association. The coverage limits vary by state. Please contact the National Organization of Life and Health Insurance Guaranty Associations (www.NOLHGA.com or 703-481-5206) to learn more. FOR FURTHER INFORMATION, PLEASE CONTACT YOUR STATE DEPARTMENT OF INSURANCE.
3 Services and discounts are provided through a member of the Dignity Memorial® Network, a brand name used to identify a network of licensed funeral, cremation and cemetery providers that are affiliates of Service Corporation International (together with its affiliates, “SCI”), 1929 Allen Parkway, Houston, Texas. The online planning site is provided by SCI Shared Resources, LLC. SCI is not affiliated with MetLife, and the services provided by Dignity Memorial members are separate and apart from the insurance provided by MetLife. Not available in some states. Planning services, expert assistance, and bereavement travel services are available to anyone regardless of affiliation with MetLife. Discounts through Dignity Memorial’s network of funeral providers are pre-negotiated. Not available where prohibited by law. [Not approved for group policies sitused in AK, FL, KY, MT, ND, NY and WA.] If the group policy is issued in an approved state, the discount is available for services offered in any state except KY and NY, or where there is no Dignity Memorial presence (AK, MT, ND, SD, and WY). For MI and TN, the discount is available for “At Need” services only.
4 The Accelerated Death Benefit due to Terminal Illness Rider pays between 50%-100% (depending on plan design) of an insured's Life Insurance proceeds (with the balance payable upon final claim) in most states if the insured becomes terminally ill. Conditions and restrictions may apply. Any outstanding loans will reduce the cash value and death benefit. The accelerated life insurance benefits offered under your certificate are intended to qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code (26 U.S.C.Sec 101(g)). This is a life insurance benefit that also gives you the option to accelerate some or all of the death benefit in the event you meet the criteria for a qualifying event described in the policy. You may elect to accelerate benefits more than once. This policy or certificate does not provide long-term care insurance subject to California long-term care insurance (LTC) law. This policy or certificate is not a California Partnership for Long-Term Care program policy. LTC insurance provides nursing home care, home-health care, personal or adult day care for individuals above age 65 or with chronic or disabling conditions that need constant supervision. This policy or certificate is not a Medicare supplement (policy or certificate). This information was written as a supplement to the marketing of life insurance products. Tax laws relating to accelerated benefits are complex and limitations may apply. You are advised to consult with and rely on an independent tax advisor about your own particular circumstances. Receipt of ABO benefits may affect your eligibility, or that of your spouse or your family, for public assistance programs such as medical assistance (Medicaid), Temporary Assistance to Needy Families (TANF), Supplementary Social Security Income (SSI) and drug assistance programs. You are advised to consult with social service agencies concerning the effect that receipt of ABO benefits will have on public assistance eligibility for you, your spouse or your family.
This summary provides an overview of your plan’s benefits. These benefits are subject to the terms and conditions of the contract between MetLife and the State of California and are subject to each state’s laws and availability. Specific details regarding these provisions can be found in the booklet certificate.
Life and AD&D coverages are provided under a group insurance policy (Policy Form GPNP99/G2130‐S) issued to your employer by MetLife. Life and AD&D coverages under your employer’s plan terminates when your employment ceases, when your Life and AD&D contributions cease, or upon termination of the group contract. Should your life insurance coverage terminate for reasons other than non‐payment of premium, you may convert it to a MetLife individual permanent policy without providing medical evidence of insurability.
The cost of insurance varies depending upon the amount of coverage, your age and benefits selected. Additionally, cost will increase as you get older. Your current rates are guaranteed until the policy renewal date. At the renewal date, rates will be recalculated and may change. Rates will also change and can increase if you leave your employer and choose to continue your coverage.
Nothing in these materials is intended to be advice for a particular situation or individual. Please consult with your own advisors for such advice. Like most group insurance policies, insurance policies offered by MetLife contain certain exclusions, exceptions, waiting periods, reductions, limitations and terms for keeping them in force. Please contact your benefits administrator or MetLife for costs and complete details. AD&D insurance does not include payment for certain losses as described in more detail in your certificate. Specific information pertaining to your insurance can be obtained by contacting your benefits administrator or MetLife.