Supplemental Group Term Life Insurance FAQs
Q. What is the purpose of this coverage?
A. The Supplemental Group Term Life Insurance Plan is meant to supplement your Group Term Life Insurance benefit amount. It adds an extra layer of financial protection for your family.
Q. Who is eligible to enroll in this plan?
A. You must be enrolled in SAMBA’ s Group Term Life Insurance with AD&D Plan in order to enroll in the Supplemental Plan. To enroll your spouse, he or she must be enrolled in the Dependent Group Term Life Insurance Plan. Evidence of insurability is required.
Q. How much supplemental insurance coverage can I have?
A. You may add as much or as little as you need. The minimum amount you can purchase is $30,000; the maximum amount is $300,000; see the Supplemental Group Term Life Insurance Biweekly Rates for Coverage Amounts table.
Q. Do the premiums ever increase?
A. The premiums are age-driven, and they increase in five-year increments beginning with age 25, up until age 70, when the coverage terminates.
Q. How can I find out what my current level of coverage is?
A. SAMBA periodically sends coverage statements to all enrollees, advising them of their current coverage. You can also contact SAMBA at 1-800-638-6589 or www.SambaPlans.com with any questions.
Q. How do I pay the premiums for my coverage?
A. Depending on the agency that you are employed, you can pay through bi-weekly payroll allotment, by monthly Direct Debit from your bank account, or by quarterly bill. Retired members and active employees working for an agency that does not have an allotment arrangement set up with SAMBA can opt for either monthly Direct Debit or quarterly bill.
Q. How does the accelerated death benefit work?
A. If you have a Terminal Medical Condition, the Plan can make available up to 75% of the Supplemental Group Term Life Insurance benefit, up to a maximum of $250,000. This can be used to help pay for medical expenses or begin putting the family’s financial affairs in order. (A Terminal Medical Condition is one that, with reasonable medical certainty, will result in death within 12 months and was diagnosed by a physician on or after coverage became effective.)
Q. Who is my current beneficiary and how can I change my beneficiary designation?
A. Contact SAMBA if you have any questions about your beneficiary selection. If you wish to change your beneficiary, complete a new Beneficiary Form.
Q. Is there a conversion policy available?
A. Yes. If your insurance, or a portion of it, terminates because you retire or are no longer in an eligible class as described in the policy application, you are entitled to, without Evidence of Insurability, to convert the lost coverage to an individual policy. Contact SAMBA at (800) 638-6589 to request a conversion policy within 30 days of your loss of coverage.
Q. Can I continue my coverage when I retire?
A. Yes! Provided you were covered as an active member for one year prior to your retirement, you may continue your same level of Supplemental Life Insurance under the plan.
Q. When does the policy end?
A. The Supplemental Group Term Life Insurance plan coverage ends when the member reaches age 70.
Q. How do I enroll?
A. Download the appropriate enrollment forms, complete them, and mail them to SAMBA at 11301 Old Georgetown Rd, Rockville, MD 20852.
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