Chicago Police Department: Life Insurance Offered?

The Chicago Police Department offers a range of benefits to its employees, including insurance options. The department provides basic group term life insurance coverage of $25,000 at no cost to full-time employees through MetLife Insurance. Additionally, officers can purchase optional term life insurance through payroll deduction, with the option to extend coverage to their spouses and eligible dependents. The Chicago Police Department also offers long-term disability (LTD) insurance, which provides income replacement for those unable to work due to illness or injury. This insurance is available to all active full-time employees, and participants may receive up to 60% of their pre-disability earnings. Officers below the rank of sergeant are not automatically enrolled and must contact Prudential Insurance Company to opt into the program.

Chicago police officers are eligible for $25,000 basic group term life insurance coverage at no cost

The City of Chicago provides $25,000 basic group term life insurance coverage to full-time employees, including Chicago police officers, at no cost. This insurance is provided through MetLife Insurance and offers protection for the duration of employment with the City. It is important to note that the employee's spouse and/or dependents are not eligible for this basic group term life coverage.

With the basic group term life insurance, Chicago police officers can have peace of mind knowing that their loved ones will receive financial support in the unfortunate event of their death. This coverage ensures that the designated beneficiaries will receive a lump sum payment of $25,000, which can help cover expenses and provide financial stability during a difficult time.

While the basic coverage is a valuable benefit, Chicago police officers also have the option to purchase additional term life insurance through payroll deduction. This optional insurance allows officers to increase their coverage amount by up to ten times their annual salary. The premium payment amounts for this optional insurance are based on the officer's age and salary.

Furthermore, Chicago police officers can also consider purchasing insurance for their spouses and eligible dependents. MetLife offers optional term life insurance for spouses in amounts of $10,000, $25,000, or $50,000, and for eligible dependents in amounts of $5,000 or $10,000. This optional insurance provides an additional layer of protection and ensures that the officer's family is financially secure.

In summary, Chicago police officers are eligible for $25,000 basic group term life insurance coverage at no cost through the City of Chicago's partnership with MetLife Insurance. This coverage provides financial protection during their employment with the City. Additionally, officers have the option to purchase further insurance for themselves, their spouses, and eligible dependents to ensure comprehensive financial security for their loved ones.

Officers can purchase optional term life insurance through payroll deduction

The Chicago Police Department offers its officers optional term life insurance that can be purchased through payroll deduction. This insurance is provided by MetLife Insurance and offers protection for the duration of an officer's employment with the Chicago Police Department. If an officer leaves their job, they will no longer be covered by this insurance plan.

The premium payment amount for this insurance is based on the officer's age and salary. Officers can purchase coverage of up to ten times their annual salary. This insurance is also available for the officer's spouse and eligible dependents. For spouses, the coverage amounts offered are $10,000, $25,000, or $50,000, while for eligible dependents, the coverage amounts are $5,000 or $10,000.

It is important to note that new hires must provide proof of good health if they fail to enroll within 31 days of their hire date. MetLife will send the necessary information to the officer's home address. For more information or to get in touch, officers can contact MetLife customer service at 1-866-492-6983 or visit their website at www.metlife.com/mybenefits.

In addition to the optional term life insurance, the Chicago Police Department also offers universal life insurance through Texas Life Insurance. This insurance plan is designed to provide lifelong protection, even after an officer leaves their job with the Chicago Police Department. The premium for this plan is higher than that of the term insurance plan. Universal life insurance is also available for eligible full-time employees and their eligible dependents.

This optional insurance is portable, meaning that the policy is owned by the employee, and they can choose to continue coverage at the same rates after leaving their job with the Chicago Police Department. Similar to the term life insurance plan, premium amounts for universal life insurance are based on the employee's salary and age.

Officers can continue basic life insurance after leaving the department by paying premiums directly to MetLife

The City of Chicago provides $25,000 basic group term life insurance coverage at no cost to full-time employees through MetLife Insurance. This basic term life insurance serves as protection for the duration of an employee's time with the City. Typically, if an employee leaves the City, they will no longer be covered by the term insurance. However, former employees of the Chicago Police Department can continue their basic life insurance coverage after leaving the department by paying premiums directly to MetLife. This option ensures that former police officers can maintain their life insurance coverage despite no longer being employed by the City.

It is important to note that the employee's spouse and/or dependents are not eligible for basic group term life coverage. However, employees can purchase optional term life insurance through payroll deduction for themselves, their spouse, and eligible dependents. The amount of optional term life insurance can be up to ten times the employee's annual salary, and premium payment amounts are based on age and salary.

In addition to the term life insurance offered by MetLife, the City of Chicago also offers universal life insurance through Texas Life Insurance. This type of insurance is designed to provide lifelong protection, even after an employee leaves City employment. The premium for universal life insurance is higher than for a similar amount of term insurance. Universal life insurance is also available to eligible full-time employees and their eligible dependents through payroll deduction.

The City of Chicago provides a range of insurance options to its employees, including term life insurance and universal life insurance. Former employees of the Chicago Police Department have the option to continue their basic life insurance coverage by paying premiums directly to MetLife, ensuring that they can maintain this important protection even after leaving the department.

Officers can also purchase universal life insurance through Texas Life Insurance

The Chicago Police Department offers its officers life insurance through MetLife Insurance and Texas Life Insurance. While the basic $25,000 group term life insurance coverage is provided by the City of Chicago at no cost to full-time employees through MetLife Insurance, officers can also purchase universal life insurance through Texas Life Insurance.

Universal life insurance is designed to provide lifelong protection as long as the policy is in force, even after the officer leaves city employment. This is an optional insurance plan, and the premium is higher than a similar amount of term insurance. The premium amounts are based on the employee's salary and age.

The Texas Life Insurance plan is portable, meaning that the employee owns the policy and can choose to continue coverage at the same rates after leaving city employment. This is especially beneficial for officers who want to ensure their coverage continues even after they retire or leave the city.

To enrol in the Texas Life Insurance plan, officers can contact Texas Life customer service at 1-800-638-6855 to schedule an enrolment appointment or obtain more information. Spouses and dependents are eligible for Express Issue enrolment only within 30 days of the employee's hire date and during fall open enrolment.

Officers can enrol in long-term disability (LTD) insurance, which provides up to 60% of pre-disability earnings if they are sick or injured long-term

The City of Chicago's Department of Finance is responsible for administering employee benefits. The city offers long-term disability (LTD) insurance to its employees, including police officers. LTD insurance is designed to assist with replacing a portion of the policyholder's income if they are sick or injured for an extended period.

Sworn Police below the rank of sergeant are not automatically enrolled in the program. Officers can enrol by contacting Prudential Insurance Company at 1-800-778-3827. All other employees are automatically enrolled, with premiums deducted from their paychecks, and they may opt out by contacting the same number.

The program provides participants with up to 60% of their pre-disability earnings. This insurance is available to all active full-time employees, regardless of their enrolment in medical benefits.

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