Some union contracts provide you with employer-paid life insurance. This is a general summary. For a complete list of bargaining units with Group Life Insurance benefits and to view plan documents, click the button below or call New York Life at (800) 225-5695.
To update your Employer-Paid Group Life Insurance beneficiary designations, click the button below. Download and complete the Employer-Paid Group Life Insurance Beneficiary Form and return it to SFHSS.
Life insurance offers your loved ones basic financial protection if you die. It can help pay your final expenses or help those you leave behind pay bills, like a mortgage or college tuition.
You are eligible for employer-paid life insurance if you:
A beneficiary is the person or entity who receives the life insurance payment when the insured dies. You can add or change a beneficiary at any time. It is important to make sure your beneficiary is always updated to honor your wishes. It is your responsibility to keep your beneficiary designations current. You may designate multiple beneficiaries.
If you are not actively at work due to illness, injury, temporary layoff, personal leave, family care leave, administrative leave (for non-medical reasons), or paid-furlough, your life insurance coverage will continue for 12 months from the start of your absence. After six months, you may qualify for a Waiver of Premium, which will allow for the further extension of your life insurance benefits (Permanent and Total Disability Benefit); however, you must provide New York Life with a written notice of claim for this extended benefit within the 12-month coverage period. Call SFHSS at (628) 652-4700 for information about how a Leave of Absence can impact your life insurance coverage.
When you reach age 65, your benefits will drop to 65% of the original coverage amount. At age 70, your benefits will drop to 50%. At age 75, your benefits will drop to 30%.
EstateGuidance® walks you through the process by guiding you through a series of questions, and breaking down each step into easy-to-understand terms. Access is available anytime, anywhere via tablet, desktop, or mobile app.
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If you leave your job or otherwise lose eligibility, you may be able to convert your Employer-Paid Group Life Insurance to an individual policy, with premiums paid by you. If you would like to convert your Employer-Paid Group Life Insurance, go to the top of this page, click the Group Life Insurance button, download the portability and conversion form, and submit it to SFHSS.