Group Life/AD&D
Basic Term Life Insurance:
Term Life Insurance provides valuable financial protection for your family Macon Bibb County is pleased to provide Basic Life and AD&D Insurance at no cost to you Enrollment is automatic, but you must select beneficiaries
The amount of coverage for active employees:
Former City Employees hired prior to May 1, 2011: 1 ½ time salary not to exceed $100,000.
Former County Employee hired prior to May 1, 2011: 2 times salary not to exceed $100,000.
All employees hired on or after May 1, 2011 the benefit is $40,000.
The amount of coverage for retired employees
Current Retirees will continue to have coverage at the same level as pre-consolidation and the benefit amount depends on your date of retirement.
Future Retirees hired prior to May 1, 2011 the future retiree benefit will be 1 times pre-retirement earnings between $5,000 and $50,000.
Future Retirees hired on or after May 1, 2011 will receive no retiree life insurance benefits.
Voluntary Life/AD&D
It’s not easy to think about how our loved ones will survive financially should we no longer be with them. Although Basic Life Insurance does provide them with some benefit in the event of our death, will that be enough? Unfortunately, when a primary wage earner passes away, 34% of households would have immediate trouble paying everyday living expenses; 29% could cover everyday living expenses for only several months; and only 36% could cover everyday living expenses well into the future.1 While there are many different ways to estimate how much money your dependents may need, we suggest a combined amount of term life insurance that is five to eight times your annual income as a good starting place. Again, this is an estimated amount of life insurance coverage you and your family could consider. A complete financial plan for your family should take into account your specific circumstances including your debt, other obligations, available resources and many other factors.
Benefit Summaries
- County Employee Hired Prior to May 1, 2011
- City Employee Hired Prior to May 1, 2011
- Employees Hired After May 1, 2011