GOV
Employee & Dependent Life Insurance
Employee and Dependent Life Insurance is offered through The Standard Insurance Company.
Overview
Standard Insurance Company (The Standard) is the City of St. Louis’ provider for Life, Additional Life, Dependent Life and Accidental Death and Dismemberment (AD&D) insurance coverage. Basic, Additional Life and Dependent Life insurance can protect the people you care about if you’re no longer here to provide for them. They can use the payout to help pay expenses like funeral and medical costs, or housing, college tuition and child care. Accidental Death and Dismemberment insurance can help protect your family’s finances if death or a serious accident keeps you from providing for them.
City Employees Life Insurance Plans
Basic Employee Life Insurance
One time Basic Annual compensation is paid by employer at no cost to the employee. Maximum amount of $250,000.
Considering an increase of life insurance through the Employee Optional Life Insurance? One way to look at this is estimating the amount of debt that you would be leaving to your next of kin should a fatality happen to you. New hires can get up to three times their annual base salary as a guarantee issued with no need for a health questionnaire.
Optional Employee and Dependent Life Insurance
For Employees
One, two, three, four, or five times salary rounded to the highest $1,000. Maximum amount of $500,000.
| Employee Age | Premium per $1,000 |
|---|---|
| Under 30 | 0.018 |
| 30-34 | 0.022 |
| 35-39 | 0.027 |
| 40-44 | 0.040 |
| 45-49 | 0.065 |
| 50-54 | 0.106 |
| 55-59 | 0.158 |
| 60-64 | 0.251 |
| 65-69 | 0.398 |
| 70 and over | 0.811 |
For Dependents
$50,000 for spouse and $20,000 for each dependent child.
More information on Life Insurance Plans
Voluntary AD&D
AD&D Insurance may be purchased in increments of $25,000 up to a maximum of $250,000 (or 10 times base annual earnings). The AD&D Insurance coverage is available at an employee only or employee and dependent(s) level. Please see the table below for rate information:
| Coverage Amount | Individual Rate | Family Rate |
|---|---|---|
| $25,000 | $.35 | $.55 |
| $50,000 | $.70 | $1.10 |
| $75,000 | $1.05 | $1.65 |
| $100,000 | $1.40 | $2.20 |
| $125,000 | $1.75 | $2.75 |
| $150,000 | $2.10 | $3.30 |
| $175,000 | $2.45 | $3.85 |
| $200,000 | $2.80 | $4.40 |
| $225,000 | $3.15 | $4.95 |
| $250,000 | $3.50 | $5.50 |
Police Division Life Insurance Plans
Employee Life Insurance
One times Basic Annual compensation plus an additional $3,000 is paid by employer at no cost to the employee. Maximum amount of $250,000.
More information on Basic Employee Life Insurance for Police Division Plans
First Responder Line of Duty Benefit
First responders including Police Officers, Firefighters, and EMS employees are eligible for an additional $50,000 (or an additional 100% of their elected coverage, whichever is less) of the AD&D insurance benefit.
Optional Employee and Dependent Life Insurance
For Employees
One, two, three, four, or five times salary rounded to the highest $1,000. Maximum amount of $500,000.
| Employee Age | Premium per $1,000 |
|---|---|
| Under 30 | 0.028 |
| 30-34 | 0.037 |
| 35-39 | 0.042 |
| 40-44 | 0.054 |
| 45-49 | 0.096 |
| 50-54 | 0.148 |
| 55-59 | 0.246 |
| 60-64 | 0.305 |
| 65-69 | 0.586 |
| 70 and over | 0.951 |
For Dependents
$50,000 for spouse and $20,000 for each dependent child.
Voluntary AD&D
AD&D Insurance may be purchased in increments of $25,000 up to a maximum of $250,000 (or 10 times base annual earnings). The AD&D Insurance coverage is available at an employee only or employee and dependent(s) level. Please see the table below for rate information:
| Coverage Amount | Individual Rate | Family Rate |
|---|---|---|
| $25,000 | $.53 | $.68 |
| $50,000 | $1.05 | $1.35 |
| $75,000 | $1.58 | $2.03 |
| $100,000 | $2.10 | $2.70 |
| $125,000 | $2.63 | $3.38 |
| $150,000 | $3.15 | $4.05 |
| $175,000 | $3.68 | $4.73 |
| $200,000 | $4.20 | $5.40 |
| $225,000 | $4.73 | $6.08 |
| $250,000 | $5.25 | $6.75 |
More information on Voluntary AD&D Insurance for Police Division Plans
Beneficiary Information
The City automatically provides you with a basic life insurance coverage at 1 x your base annual salary, so you must add a beneficiary to your coverage even if you aren't buying additional life insurance.
Add/Drop Beneficiaries
You can make changes to your beneficiaries at any time by submitting a completed, signed and dated Beneficiary Change form to CityEmployeeBenefits@stlouis-mo.gov.
Primary vs Contingent Beneficiary
Your primary beneficiary is the first person to receive assets. You may choose multiple primary beneficiaries, or designate one person to receive 100%. You are required to provide a primary beneficiary, including their full name, address and any other available contact information. If you choose multiple primary beneficiaries, the total designated percentages should equal 100%.
You may select a contingent beneficiary who will receive assets in the event the primary is unable or unwilling to collect. You may choose multiple contingent beneficiaries, or designate one person to receive 100%. You are not required to provide a contingent beneficiary. If you choose multiple primary beneficiaries, the total designated percentages should equal 100%.
Making Life Insurance Policy Changes
City of St. Louis and Police Division employees may make changes to their life insurance policy during Open Enrollment. To increase or decrease the amount of coverage, or to add or drop a policy, a consolidated enrollment form is needed. Email completed enrollment forms to CityEmployeeBenefits@stlouis-mo.gov.
Please keep your beneficiary designation current. Beneficiary changes are acceptable at any time by provided a completed consolidated enrollment form. Your beneficiary designation must add up to 100% -for primary and also for contingent beneficiaries.
