Take advantage of this year’s open enrollment options!
Basic Life and AD&D insurance
Basic Life insurance helps protect the financial security of you and your family in the event of your death. AD&D insurance provides you with a payment if you suffer a covered accidental injury or death. Coverage is available at no cost to you from Cypress-Fairbanks Independent School District.
Effective September 1, 2013, Cypress-Fairbanks will be increasing Basic Life and AD&D insurance coverage from $15,000 to $30,000 for all eligible employees.
Optional Life insurance for you
Optional Life insurance allows you to choose additional coverage that fits your needs and your budget. If you decide you need additional life insurance coverage, you can sign up for a maximum of $250,000 of coverage in increments of $10,000— with increased Guaranteed Issue amounts during this year’s open enrollment.
• If you currently have Optional Life insurance coverage, you may elect up to $250,000 of coverage with no medical questions asked.
• If you are electing Optional Life insurance coverage for the first time, you can elect up to $190,000 with no medical questions. If you choose an amount between $190,000 and $250,000, you will be required to complete and submit an Evidence of Insurability application.
New this year: Optional Life insurance for your spouse and eligible children
During this year’s enrollment period, you can sign up for Optional Life insurance coverage for your spouse or your eligible children if you elect a minimum of $10,000 of Optional Life insurance coverage for yourself.
• You can elect coverage for your spouse for up to 50% of the coverage amount you elected for yourself, up to $50,000 with no medical questions asked. If you choose an amount over $50,000, your spouse will be required to complete and submit an Evidence of Insurability application.***
• You may also elect $10,000 of coverage for each eligible child.
***If the amount you apply for exceeds the Guaranteed Issue amount, you are required to complete and submit an Evidence of Insurability application, which must be approved by Sun Life prior to coverage taking effect. To begin the process you will need your SSN and Group Number (228495).