Life Insurance

Lake County School District provides life insurance with accidental death and dismemberment (AD&D) coverage in the amount of your salary up to $250,000 at no cost to you.

Supplemental Life Insurance with Accidental Death & Dismemberment

To supplement the life insurance coverage provided by Lake County School Board, you have the option to purchase additional term life insurance for

Yourself
Spouse
Child(ren) up to age 26

Your cost depends on your age and coverage level. Rates are reflected in your benefit enrollment system. Beginning September 1, 2021 the life insurance premium includes the Accidental Death and Dismemberment benefit.

Accidental Death and Dismemberment coverage pays a benefit in one of two ways:

If your death is caused due to an accident, the AD&D benefit pays in addition to your life insurance. This is sometimes called a “double indemnity” because your beneficiary receives both the life insurance amount and the AD&D amount.
If, as the result of an accident, you either lose a covered body part (such as a limb) or lose the function of a covered body part, you may receive a percentage of the total AD&D benefit depending on the functions that have been lost.

Eligible Class: Each full-time employee who is active at work , and who is working in the United States of America, as identified on the policyholder’s or our records, except any temporary or seasonal worker.

Note: See plan document for age reduction schedule.

* You must cover yourself to purchase coverage for your dependents. **Evidence of Insurability may be required.

Resources

Premiums Tables

Beneficiary Forms

Evidence of Insurability (EOI)

Medical History Statement - FL (or see attached PDF for online submission Four Ways to submit EOI-PDF)

Medical Question Limit
As a newly eligible employee (if you have never worked for Lake County Schools before), you may elect up to the medical question limit with no medical questions required. Medical questions and approval by the carrier are required for:
• Initial requests to purchase coverage over the medical question limit
• Future requests to purchase this coverage after your initial opportunity
• Increase requests either:
• in excess of the Annual Enrollment Increase amount, or
• when the Annual Enrollment increase opportunity would result in your coverage exceeding $150,000

If your Life Insurance election requires medical questions, your coverage will be effective and paycheck deductions will begin when approval is received from the carrier. Employees who are not actively at work and have requested an increase to life insurance during open enrollment may have a delayed effective date. Please Note: If your request is approved, the effective date of coverage will take affect once you return to active work (September 1).

Certificate-Life Insurance

Life Insurance Claim Form

Why is a beneficiary so important?

A beneficiary is a person or legal entity that is entitled to receive the proceeds from a life insurance policy. A beneficiary can be one or more individuals or organizations, such as a trust or charity. You can designate two types of beneficiaries:

Primary beneficiaries are first in line to receive the designated asset upon your death
Secondary (or contingent) beneficiaries receive the asset if there are no surviving primary beneficiaries upon your death

It is important to keep your beneficiary designations up to date because named beneficiaries on insurance policies and retirement plans usually supersede instructions in wills. By periodically reviewing your beneficiary designations, you can rest assured that your assets will be distributed according to your wishes.

Change a beneficiary anytime!

Log into the Explain My Benefits Platform.

Instructions to update Beneficiaries

Please note: You must log into the system to confirm or view your current beneficiaries on file, please do not call the office for this information.
If you do not recall who your beneficiaries are, then it is time to complete an update.

If you require assistance, please contact your Benefits Specialist at 352-253-6660 or email benefits@lake.k12.fl.us

When to review a beneficiary

Review and consider updating your beneficiaries when you:

Experience a major life event such as a birth, marriage, dissolution of marriage or domestic partnership, or death in the family
Update your will or estate plan

To be eligible for insurance, a person must be a member of an Eligible Class. The person must also complete a period of continuous service (Service Requirement) with the policyholder

What happens when there is no beneficiary on file.

Since no Beneficiary Designation is on file, then the Estate will be required to claim.
For the Estate we require: Certified copy of the Letters of Administration appointing the Executor, or Administrator for The Estate of [Employee], deceased. If the value of [Employee]’s Estate is relatively small and a short form affidavit procedure is available to administer the Estate, we will accept a certified copy of the appropriate probate court affidavit.
Claimant’s Statement completed by the Executor, or Administrator of the Estate of [Employee], deceased. The estate Tax Identification Number (not the Social Security number) is required on the form. Please provide a copy of the Tax Identification Assignment form
A copy of the certified Death Certificate including cause and manner of death.
All police or governmental investigation reports, witness statements, autopsy and any toxicology and laboratory reports concerning the circumstances of [Employee]‘s death, if applicable.