Life Insurance Overview

  • Knox County Schools provides employees with a life insurance benefit at no cost to the employee.  Employees must be regularly scheduled to work at least eighteen and a half hours per week in a non-seasonal, non-temporary position in order to be eligible for life insurance. The benefit is 1 ½ times the employee's annual salary. The minimum benefit is $20,000.00 and the maximum benefit is $50,000.00.

    Supplemental Insurance - Additional supplemental coverage may be added by the employee within the first 31 days of employment or within 60 days of a qualifying event. The employee will pay the additional cost. The additional cost can be determined by viewing the Supplemental Life Insurance Rates table.

    Child Coverage - Employees may obtain $5,000 of coverage for their children at any time as long as the child is between the ages of 15 days and 26 years of age. Employees pay one premium regardless of the amount of children they wish to cover. As an example, a monthly employee with three children pays $.90 a month. A monthly employee with one child pays $.90 a month.  If a child is disabled, they can be covered after the age of 26. Additional paperwork must be completed in order to be covered.
     
    Spouse Coverage - Employees may obtain $10,000, $20,000, or $30,000 of coverage for their spouses if they submit paperwork during the first 31 days of employment.  Please note that spouse coverage cannot exceed 100% of employee's basic coverage amount.  Please refer to the Supplemental Rate Table to determine cost.
     
    Beneficiaries - If you are experiencing a change in status such as marriage, divorce, etc... or if your beneficiary passes away, please remember to change your beneficiary information as soon as possible.  You will need to complete a Life Insurance Enrollment/Change form and submit it to our office.  Please note that we MUST have the original life insurance form.  We are unable to accept a copy or a fax.  You may submit the forms by School Mail or US Mail.  You may find the enrollment/change form here.