| Think it can’t happen to you? More than 8.5 million people collected Social Security disability benefits in 2008. |
Program Overview
FEDERAL FIRST Voluntary Term Life Insurance Program
Who is Eligible?
An eligbile employee is
- A regular active, benefited full-time employee of the Judicial Branch of the U.S. Government working 20 or more hours per week during your employer's work week; and
- A qualified member as defined in the by-laws of the National Conference of Bankruptcy Clerks or Federal Court Clerks Association.
You will be eligible to enroll for coverage as of the day you meet the definition of an eligible employee as defined above.
Term Life Insurance Program Benefits
Selecting the right amount of life insurance coverage is personal. With the FEDERAL FIRST Voluntary Term Life Insurance Program, eligible employees can elect from a range of coverage options to help you make the right choice for your individual needs and financial situation.
| Active Employee |
|
When you elect coverage for yourself, you may elect Family Coverage where you can get coverage for your spouse and dependent children. Dependent children are those age 14 days to 19 years or to age 25 if unmarried and a full-time student. |
|
The Family Coverage is a package and cannot be separated to cover only a spouse or only a child.
Family Coverage - For Your Spouse and Dependent Children
You can elect one of the following options
- Option 1: $ 5,000 Spouse / $ 2,500 per Child
- Option 2: $10,000 Spouse / $ 5,000 per Child
- Option 3: $15,000 Spouse / $ 7,500 per Child
- Option 4: $20,000 Spouse / $10,000 per Child
- Option 5: $25,000 Spouse / $12,500 per Child
Please note that Family Coverage is a package and cannot be separated to cover only a spouse or only a child. Your spouse and dependent children combined coverage cannot exceed 100% of your employee coverage.
Guaranteed Acceptance Coverage Amounts
Each newly eligible employee is given the opportunity to elect guaranteed acceptance amounts of coverage during their introductory enrollment period. This means that during the 60 days following your date of eligibility you may purchase - without answering medical questions or completing a medical questionnaire - the following guaranteed acceptance amounts of coverage for yourself and for your dependents. If you elect coverage above the guaranteed amount, you will need to provide evidence of insurability.
| Active Employee |
|
| For Your Spouse and Dependent Children |
|
Evidence of insurability is required
- For coverage amounts requested in excess of the amounts shown above if you enroll within your introductory enrollment period.
- For any amount of coverage you elect for yourself and your spouse if you enroll after your introductory enrollment period.
If Evidence of insurability (EOI) is required, FEDERAL FIRST will process your application for coverage up to the Guaranteed Acceptance amount.
MetLife will provide you with instructions to provide evidence of insurability. If you enroll during the initial open enrollment period, MetLife will send EOI materials and instruction at the close of the enrollment period.
Benefit Features You Can use Today
The FEDERAL FIRST Voluntary Term Life Insurance Program includes these benefit features, too.
- Portability
You may take your voluntary term life insurance coverage with you if you leave your current employer for any reason other than disability and you do not exceed age 98. MetLife will bill you directly. If you are disabled, your coverage is not portable.
FEDERAL FIRST will send you portability information and forms when you have coverage under this term life insurance program. You can also get information and forms here.
- Conversion
You may convert your voluntary term life insurance to an individual life insurance policy within 60 days of your loss in coverage: if you terminate employment, are no longer eligible for coverage, or your coverage reduces due to age, pension or retirement.
FEDERAL FIRST will send you conversion information and forms when you have coverage under this term life insurance program. You can also get information and forms here.
- Accelerated Benefits Option
If you have a terminal illness with a life expectancy of no longer than 24 months, your voluntary term life policy will pay - while you're still alive - 75% of your life insurance benefit to a maximum of $375,000. The minimum payment is $5,000. This feature is only included under the employee term life insurance coverage. It's not included under the spouse and dependent coverage.
By receiving an advanced benefit, you can use the money to help pay expenses not covered by your medical plan, enable you to visit relatives and get your affairs in order. Your beneficiry will receive the rest of the life insurance benefit upon your death. The advance benefit may only be requested once and it is generally not subject to income tax.
- Premium Waiver
MetLife will waive your allotment if you are less than age 60 and have been totally and permanently disabled for nine months. You won't have to make allotments until the earlier of the date you recover, reach the amended 1983 Social Security Normal Retirement Age or your retirement date. To stop your allotment, a $0.00 Form 1199A must be processed by your payroll servicing personnel.
This voluntary life insurance contains Limitations and Exclusions.
