Dependent Life Insurance pays a benefit to you in the event a covered dependent dies. This benefit is designed to pay the expenses arising from the dependent's death, and is voluntary—you are not required to elect this coverage for your dependents. However, as noted under The Cost Of Coverage, if you elect this optional coverage, you must pay for it on an after-tax basis.
Individuals who meet the FlexSolutions eligibility requirements as outlined under Who Is Eligible are eligible for coverage under the Dependent Life Insurance Plan.*
* The provision that extends health care coverage to a disabled dependent child beyond the maximum age for coverage (19, or 25 if a full-time student) does not apply to the Dependent Life Insurance Plan. Also, dependents who are in full-time active military service are not eligible for this coverage.
You may elect Dependent Life Insurance coverage for your...
Spouse/domestic partner, in the amount of $10,000 or $20,000; and/or
Child(ren)* in the amount of $5,000.
* The amount you must pay for your child(ren)'s coverage is the same regardless of the number of children covered, though the benefit amount shown is per each covered child. Note, too, that the coverage amount for children under age three will be reduced, while infants under the age of 30 days are not covered.
Unlike Employee Life Insurance, Dependent Life Insurance...
Is not a "core" coverage—you may elect or decline coverage, and
Does not require evidence of insurability (proof of good health)—your dependent(s) will automatically be approved for any coverage amount you elect.
If you gain a dependent (through marriage, birth, adoption, etc.), or lose a dependent (through death, divorce or your child reaching the maximum age for coverage) during the year, you may change your election accordingly. For more details, refer to Changing Your FlexSolutions Elections During the Year.
Back to TopIn the event a covered dependent dies, you will receive a lump-sum benefit equal to the coverage amount in force at the time of the covered individual's death. The benefits paid to you will not be considered taxable income.
Back to TopIf your spouse* is covered under this Plan, and he or she is not expected to live more than 12 months (as certified by a doctor), a terminal illness benefit may be payable. This benefit payment is intended to assist with the medical and related expenses incurred as a result of the illness, and which may not be covered by any other coverage you may have (such as medical coverage).
The maximum terminal illness benefit is 50% of the life insurance coverage amount. The minimum benefit amount payable is $5,000.
This benefit payment is not taxable. However, any life insurance benefits payable in the future will be reduced by the amount of terminal illness benefits paid.
For more details on the terminal illness benefit, see Claim Procedures.
* Terminal illness benefits are not available for covered dependent children.