FLORIDA COMBINED LIFE INSURANCE COMPANY

(800) 333-3256

Life Insurance/Accidental Death & Dismemberment

St. Petersburg College provides all budgeted employees with basic life insurance equal to the annual salary, rounded to the next thousand.

Employees may purchase additional coverage subject to insurance company approval.  This may be purchased in increments to double, triple, or quadruple the amount of the base coverage.

EXAMPLE: An employee qualifies for $30,000 of life insurance from the college.  The employee may elect to purchase an additional $30,000, $60,000 or $90,000.  If the additional amounts are purchased, coverage would be $30,000 (provided by the College) + the amount of additional coverage purchased = total amount covered.

$30,000 (provided by the College) + $90,000 (quadruple coverage) = $120,000 Coverage

To change your beneficiary, please fill out a change form located on Staff Central.

If you retire from the college, you may purchase $5,000 of term Life and Accidental Death and Dismemberment insurance. If you are interested in a larger life insurance policy, you can convert your current coverage to an individual policy. Since conversion policies are either whole life or universal life policies, they will cost more than your current coverage. To obtain more information, please call (727)341-3044.

Florida Combined Life Insurance Company must receive the completed conversion form and the first month's premium within 31 days of the date your coverage with the college terminates.

Last updated 11-Feb-2008