Guaranteed coverage – get quick coverage with no medical exam or health questionsEnroll in your group term life and AD&D insurance plan during annual enrollment: October 14 - November 8, 2019Every moment counts – no matter where you are in life, there are many reasons to consider life insurance. As your life, career and/or family changes, consider the following coverage options without answering health questions.

Guaranteed coverage optionsThe following coverage options are available to elect without providing evidence of insurability (EOI):

Within 30 days of initial eligibility• Employee: Elect one or two times annual salary, not to exceed $250,000

• Dependent: Elect either option

During each open enrollment• Employee: Elect or increase coverage by one times annual salary, not to

exceed $250,000

Dependent coverage is not guaranteed during annual enrollment.

Within 30 days of a qualified family status change• Employee: Increase coverage by one times annual salary, not to

exceed $250,000

• Dependent: Elect either option

Elections made outside of these periods and elections exceeding these amounts require EOI. Applicants previously declined coverage must also provide EOI.

Fairfax County Public Schools Group Term Life and AD&D InsuranceMembers of the Fairfax County Employees Retirement System and Employees of the Fairfax County Public Schools

Insurance products issued by: Minnesota Life Insurance Company

Life insurance matters

Your basic and optional coverages

Basic coverage (automatically enrolled)

Basic term life and AD&D 1x your annual earnings• Maximum coverage: $250,000• Age reductions apply1

- Includes matching AD&D benefit

Optional coverages

Supplemental term life and AD&D 1x or 2x your annual earnings

• Maximum coverage: $500,000• Age reductions apply1

• Includes matching AD&D benefit• AD&D coverage terminates at retirement

Dependent term life

Option 1: Spouse: $5,000 Child: $2,000

Option 2: Spouse: $10,000 Child: $5,000

A child is eligible from the age of 10 days until the last day of the month in which he or she attains age 21, or age 25 if a full-time student in an accredited educational institution

If your spouse or child is eligible for employee coverage, they cannot be covered as a dependent. A child may only be covered by one parent.1. Beginning at age 65, coverage reduces to a percentage of the amount in effect prior to age 65: to 65 percent at age 65 and to 50 percent at age 70.

Why life insurance?Learn how life insurance can protect your financial future by watching a brief video at LifeBenefits.com/videos/term

Here’s the easy math to your monthly premium:

Total coverage you need $

÷ 1,000 $

x your rate $

= Monthly premium $

Enrollment and resources found on the back cover

Monthly cost of coveragePlease note, rates increase with age.

Supplemental term life and AD&D (rates/per $1,000)

Age Employee

Under 30 $0.08

30-34 0.10

35-39 0.11

40-44 0.13

45-49 0.18

50-54 0.26

55-59 0.47

60-64 0.71

65-69 1.35

70-74 2.18

75-79 2.41

80-84 5.30

85-89 8.96

90-94 26.03

95 and over 41.64

Dependent term life One premium provides coverage for all eligible children

Option 1 $3.25 per month

Option 2 $6.50 per monthAll rates are subject to change.

Protect your family when they need it mostGroup term life insurance is a simple, affordable way to provide an extra level of financial protection for your family during your working years. Beneficiaries receive funds to help with their everyday living expenses — such as mortgage payments or medical bills, education expenses, your funeral costs and more — so they can continue to live the lifestyle they live today.

Accidental death and dismemberment (AD&D) insurance provides additional financial protection should you or your family die or become dismembered due to a covered accident — whether it occurs at work or elsewhere.

Designating your beneficiaryDon’t forget to designate your beneficiary! What happens if you don’t designate a beneficiary? Without a beneficiary designation, your benefits will be distributed according to plan provisions, and the people you want to receive your benefits may not receive them. So to be sure your benefits are distributed according to your wishes, designate a beneficiary! And if you have designated a beneficiary, now is a good time to confirm that your beneficiary designation is accurate and up-to-date. To confirm or to make any changes, please contact FCPS.

ResourcesHow much life insurance do I need? Check out our life insurance calculator at LifeBenefits.com/insuranceneeds

EnrollReturn the proper forms to your Benefits Department. Visit fcps.edu to access the forms (search “Benefit Forms” then scroll down to “Life Insurance”)

QuestionsVisit hrconnection.fcps.edu or contact the Benefits Office at 571-423-3200 or 1-800-831-4331

This is a summary of plan provisions related to the insurance policy issued by Minnesota Life Insurance Company to the Fairfax County Public Schools. In the event of a conflict between this summary and the policy and/or certificate, the policy and/or certificate shall dictate the insurance provisions, exclusions, all limitations and terms of coverage. All elections or increases are subject to the actively at work requirement of the policy.Products are offered under policy form series MHC-96-13180.45.Securian Financial is the marketing name for Securian Financial Group, Inc., and its affiliates. Minnesota Life Insurance Company is an affiliate of Securian Financial Group, Inc.

lifebenefits.com

400 Robert Street North, St. Paul, MN 55101-2098 ©2019 Securian Financial Group, Inc. All rights reserved.

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