Determining How Much Supplemental Life Insurance You Need
Some worksheets to help you decide. Do not construe this as financial advice.

Now that the Trust offers portability of supplemental life insurance, it's even more critical to assess your needs while you can take advantage of this benefit. The insurance you elect now could protect your family during your retirement, or until you find other employment.

As you determine your life insurance need, take inventory of your existing life insurance coverage.

If you've reached this worksheet, you should have an amount of life insurance coverage you may need to cover your survivors' needs. Let's see if your life insurance will cover the total you've calculated, both now while you're actively at work, and once you leave State service.

If you don't have enough life insurance to protect your family, you can purchase additional supplemental life insurance through Prudential during open enrollment. Remember to include the premiums in your revised budget, both now, and after you leave State service. You may also wish to review plan details to make sure that the plans will cover you in all circumstances. Read each plan booklet for more detail.

Return to Calculating your life insurance needs if you'd like to re-work the numbers. You may want to review the types of life insurance that are available in the marketplace to make sure you're obtaining the right coverage for yourself and your family and then read more about portability.

Supplemental life insurance is available to you through the Union-led Benefits Trust.