Life Insurance

Core Term Life Insurance (with included Accidental Death & Dismemberment Insurance) is paid 100% by your employer. Additional Employee Term Life, Spouse Term Life, and Child Term Life options are also available and are paid 100% by the employee through semi-monthly payroll deductions. 

Our Life Insurance policy also includes free services related to travel assistance, legal assistance and legacy planning - called Lifestyle Benefits Services. Employees with Core Term Life or Additional Term Life insurance can access great benefits, including 30-minute face-to-face consultations with attorneys, assistance replacing lost or stolen luggage, travel assistance, and legacy planning for yourself or your loved ones.

Click here to view the Securian Life Insurance - Summary of Life Insurance Coverage Options and Cost document (updated June 2026)

Core Term Life Insurance

What is the Core Term Life Insurance benefit?

The Core Term Life Insurance benefit is equal to your base annual salary rounded up to the next $1,000. The minimum benefit is $20,000, and the maximum benefit is $200,000.

When must an employee complete a new designation of beneficiary?

Employees are required to designate a beneficiary/beneficiaries when intially enrolling in the Manatee YourChoice Health Plan as a new hire. Changes may be made to the beneficiary designation at any time by logging into the Benefit Express enrollment system.

Is Evidence of Insurability required for Core Term Insurance?

No. Medical questions are not required for approval of coverage.

What are some other features of the Core Term Life Insurance?

The Core Term Life policy includes wavier of premium (in the event of a qualifying disability), portability and the right to convert upon employment separation, and acclerated benefits (the ability to receive all or part of your benefit, while actively working, in the event you become seriously ill - must meet specific qualifications for this benefit)

Will my policy benefits be reduced/eliminated at a particular age?

Benefits under the Core Term Life Insurance plan will not stop or be reduced at any age.

Is the Core Term Life Insurance taxable?

Any premium on the benefit amount over $50,000 is taxable and included on your annual employee W-2 tax form.

What Is the Accidental Death & Dismemberment benefit?

Accidental Death & Dismemberment coverage, included with the Core Term Life Insurance Plan, pays out for accident that result in a loss. For this policy, "loss" means loss of life, hand, foot, sight, speech, hearing in both ears, thumb and index finger of the same hand, or quadriplegia/hemiplegia/paraplegia paralysis. Other benefits include payments for wearing seat belts (during qualifying motor vehicle accidents), and accident benefits relating to career adjustment, child care, higher education, in-line-of-duty, occupational assault, and the use of public transportation. More information can be found in the Group Certificate link at the bottom of this page.

Additional Term Life Insurance

What Is the Additional Term Life Insurance benefit?

Additional Term Life Insurance Benefit is a 100% employee paid benefit that gives you the option to apply for one (1) time base annual salary up to six (6) times base annual salary rounded to the next $5,000. The minimum benefit is $20,000, and the maximum benefit is $750,000.

I already have an Additional Life policy. Will my premium increase effective January 1?

The current Additional Life Insurance premiums are guaranteed through December 31st of the current year; However, your premium is determined by your age as of January 1 of the current year and your salary as of October 1 of the previous year. Each year your premium may change if your age change moves you into a new age bracket or if your salary changes.

Example #1: If your salary increases from $29,000 to $30,500, your premium rate changes from the $30,000 salary bracket to $35,000.

Example #2: If your age changes from 44 to 45 prior to January 1, 2018 your premium rate changes to the next age year bracket (45-49).

How much Additional Life Insurance may I sign up for?

An employee may apply for Additional Life insurance or apply to increase their Additional Life insurance up to 6x their base salary at any time during the year. It is not restricted to the Annual Enrollment period; however, with the exception of New Hire enrollment (no medical questions asked), applicants are subject to Evidence of Insurability.

What if my salary increases during the plan year?

If your salary increases during the plan year, the amount of insurance automatically increases.; however, the semi-monthly payroll deduction for premium does not change until the following January.

Spouse Term Life Insurance

How much insurance can I elect for my spouse?

A spouse policy is equal to 50% the amount of the employee's Additional Term Life Insurance, up to a maximum benefit of $25,000. During New Hire enrollment or upon completion of a marriage life event, no Evidence of Insurability is required for approval.

Can an employee's spouse, who is also on the Manatee YourChoice Plan as an employee, be covered under a Spouse Term Life policy?

Yes.

When does the Spouse Term Life benefit end?

The Spouse's Life Insurance terminates the end of the month that they reach age 70.

May an employee purchase Spouse Term Insurance without purchasing Additional Term Insurance?

No. An employee must have their own additional life coverage in force to elect a Spouse policy.

Who is the beneficiary of my Spouse Term Life Insurance?

The employee is the beneficiary.

Child Term Life Insurance

What Is the Child Term Life Insurance Benefit?

The Child Term Insurance Benefit is $10,000 for each child. A child is covered through the end of the month the child turns 26 years of age. Child Life can always be added without Evidence of Insurability.

When can I enroll in Child Term Life Insurance?

Employees may add Child Term Life insurance at any time.

Who is the beneficiary of my Child Term Life Insurance?

The employee is the beneficiary.

Evidence of Insurability

What Is Evidence of Insurability?

Evidence of Insurability (EOI) pertains to certain medical standards a prospective insured person must meet in order to be insured by an insurance company.

What are the Evidence of Insurability rules?

The Evidence of Insurability (EOI) rules are as follows:

1. EOI is not required when an employee's salary is increased.
2. EOI is not required by a new employeewho elects Additional Life Insurance during their New Hire enrollment window. The guaranteed-issue amount of coverage for the employee is capped at $750,000, and for a spouse the cap is $25,000.
3. EOI is required by an employee choosing to increase Additional Life Insurance, or purchase employee Additional Life or Spouse Life for the first time outside of New Hire enrollment or a qualifying life event.

What is the Accelerated Benefit clause?

You may have the right to receive a portion of your life insurance benefit if you have a terminal medical condition which is reasonably expected to result in your death within 12 months. Please view the Group Term Life Certificate link at the bottom of this page.