Basic Life Insurance Plan

Coverage Amount:  Equal to one times your annual salary ($15,000 minimum; $250,000 maximum)
Premium:  Paid by the state

Optional Life Insurance Plan

Member:  Starting with $15,000 up to six times salary (up to $800,000)

Premium Rate:  Based on the age of the employee or retiree

Premium:  Paid by the employee or retiree

Spouse:  Starting with $15,000, up to $100,000 with Evidence of Insurability (cannot exceed coverage of the employee or retiree)

Premium Rate:  Based on the age of the employee or retiree

Premium:  Paid by the employee or retiree

Child(ren):  $15,000 per child

Premium Rate:  $1.50 per month

Premium:  Paid by the employee, not available to a retiree

All life insurance is "term life" insurance.  There is no cash or loan value.  Benefits are paid upon the death of a covered participant.