When you are newly hired, you may purchase a $100,000 term life insurance and accidental death and dismemberment policy without evidence of insurability.
To purchase additional insurance after 30 days of employment, you will need to submit evidence of insurability to Standard Insurance Company for review. Hennepin County will be notified if application has been approved, and your deduction will be entered in APEX.
You may purchase additional life insurance up to $500,000.
Your monthly premium is based on the coverage amount elected and employee’s age. Use the life premium calculator to determine your premium.
The additional life premium is deducted the first paycheck of each month. The additional life premium has a before-tax cost for coverage up to $25,000 and for the amount of coverage higher than $25,000, the remaining cost is after-tax.