ETF Releases Revised State Group Life Insurance Booklet
March 30, 2010
Employee Trust Funds (ETF) has released an updated edition of the Wisconsin Public Employers Group Life Insurance booklet. The plan, available to all UW employees who enroll and have completed six months of service under the Wisconsin Retirement System (WRS), provides Basic, Supplemental, and Additional levels of coverage that are based on an employee's previous calendar year earnings, as reported to WRS. An employee can elect to have up to 5 times their annual income in coverage. Spouse/Domestic Partner and dependent coverage is available.
State Group Life Insurance plan changes announced January 22, are described in the revised booklet:
- The Annual Premium Rate Change for UW employees has been changed from March 1 to April 1.
- References to "spouse" in the revised booklet include a "domestic partner", as defined in Wis. Stats. 40.02(21d), of an employee insured under this life insurance program and for whom the employee has submitted a Affidavit for Domestic Partnership, ET-2371with ETF.
- Active employees who reach age 70 and have Additional coverage no longer need to submit an enrollment form to continue Additional coverage beyond age 70.
With the release of the revised plan booklet, ETF has also updated two forms to reflect the plan changes; Life Insurance Application/Cancellation/Refusal, ET-2304, and Life Insurance Evidence of Insurability, ET-2305.
The 2010 premium table can be found at the State Group Life Insurance Premiums Page.
For more information on domestic partnership provisions, see Domestic Partner Benefits, ET-2370.
Related Link: Wisconsin Public Employers Group Life Insurance Program
Source: Employee Trust Funds
Categories: Insurance