As an employee for the Florida Department of Transportation
You are qualified to use payroll deduction to purchase supplemental life insurance, above and beyond that of your state life insurance. Only Group Term Life insurance is available through payroll deduction to the employees of the Florida Department of Transportation. Listed below are a few details about some of the policy’s benefits. If you are interested in learning more about this type of policy and other forms of financial protection for you and your family, please don’t hesitate to call us at 1-800-342-0209/(850)877-1445
Group Term Life:
This policy offers death benefits for a specified amount of time with a guaranteed premium amount. Here are some additional benefits of a group term life insurance policy:
Time specific to meet your needs-you can purchase additional protection for your family with a term life policy that lasts 10, 15, 20 or even 30 years.
Competative premiums-guaranteed premium rates affordable high limit coverage.
Guaranteed acceptance- for employees and their families.
Portability-if you terminate your employment within a certain period, you have the option of retaining your term life insurance.
Living benefit-should you or you spouse become terminally ill, partial benefits can be advanced to offset health costs.