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Life insurance plays an important role in planning for your future. It provides you with peace of mind and helps to protect your family's financial well-being in the event of your death. Your beneficiaries can use life insurance benefits to pay off a mortgage, fund a child's college education, or help out with unexpected expenses. The DeForest Area School District Life Insurance plan is designed to provide you a basic level of life insurance coverage.
- Eligible Employees: Regularly scheduled full and part-time employees who meet the eligibility for enrollment in Wisconsin Retirement System (WRS)
- Amount of District Paid Coverage: 2 times prior year's annual earnings of term life coverage (1x Base + 1x Supplemental)
- Accidental Death Benefit: The amount of Accidental Death, Dismemberment, and Loss of Use (AD&D) coverage is equal to the total amount of your insurance under the Basic, Supplemental and Additional coverages.
- Additional Life Coverage (for employee purchase): Optional additional coverage equal to 1, 2 or 3 times prior year's earnings available.
- Spouse & Dependent Life (for employee purchase): 1 Unit = Spouse $10,000 / Each Dependent Child $5,000 (premium $1.60/month) 2 Units = Spouse $20,000 / Each Dependent Child $10,000 (premium $3.20/month)
- Insurance Carrier: The Wisconsin Public Employers Group Life Insurance Program
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