Employee and Retiree Service Center → Employees → Benefits → Life Insurance → Employee Life Insurance

Employee Life Insurance

Basic Employee Term Life Insurance

The amount of basic life insurance you receive is determined by rounding your annual salary to the nearest thousand dollars and multiplying by two. Overtime, stipends, and non-guaranteed supplemental earnings are not included in this calculation. You and MCPS share the cost of your life insurance coverage. You pay 10 percent of the cost for coverage and MCPS pays 90 percent.

  • More information about basic employee term life insurance, including cost, is available in the Employee Benefit Summary (PDF)

Manage Your Basic Employee Life Insurance

Enroll in Basic Employee Term Life Insurance

Employees who decline coverage initially may enroll during a future open enrollment by providing evidence of insurability and receiving approval from the insurer. The process of providing evidence of insurability will be initiated by the Employee and Retiree Service Center (ERSC) after your enrollment form has been processed with our office.

To initiate the evidence of insurability process, please submit MCPS Form 455-20: Employee Benefit Plan Enrollment  

Update your beneficiaries

Employees may update their beneficiaries for this coverage at any time.

MCPS Form 455-20: Employee Benefit Plan Enrollment 

Optional Employee Term Life Insurance

If you are enrolled for basic life insurance, you also may choose to purchase additional life insurance equal to one times your annual salary (rounded down to the nearest thousand). The cost of optional employee life insurance is based on your age, and you pay the full cost of coverage through payroll deductions.

  •  More information about optional employee term life insurance, including cost, is available in the Employee Benefit Summary (PDF)

Manage Your Optional Employee Life Insurance

Enroll/Cancel Optional Employee Term Life Insurance

Employees may enroll within 60 days of initial employment or during a future open enrollment by providing evidence of insurability and receiving approval from the insurer. The process of providing evidence of insurability will be initiated by the Employee and Retiree Service Center (ERSC) after your enrollment form has been processed with our office. You may cancel this coverage at any time.

 MCPS Form 450-1: Optional Employee Term Life Insurance Enrollment/Cancellation   

Update Your Beneficiaries

Employees may update their beneficiaries for this coverage at any time.

  MCPS Form 450-1: Optional Employee Term Life Insurance Enrollment/Cancellation  
 

Accelerated Death Benefit 

As of January 1, 2011, MCPS life insurance plans written through Prudential now offer an accelerated death benefit. This benefit provides a payment of up to 75 percent of your life insurance benefit if your life expectancy is 12 months or less, and the payment can be used for any purpose. Any remaining life insurance benefits will be paid to your beneficiary after your death.