Life Insurance

Average plan can elect more for more money

Haven’t had to use life insurance yet but it seems like a good amount for insured

Super cheap group life insurance. You automatically are covered (for free) for your salary rounded up to the nearest $1,000. You can also choose to purchase additional coverage each year, with pricing based on your age (ranges from $0.05 per $1,000 of coverage if you're <25, up to $0.66 per $1,000 of coverage if you're 60-64). You're not paying for term life, per se - just for one year. Have to renew every year. Have to submit an "evidence of insurability" document if you want to jump up to higher levels of coverage quickly, otherwise you can move up one tier every year without any medical exams. Your spouse/partner and children (6-months to 26 years) are automatically covered at $2,500. (Children under 6 months only $250). You can purchase coverage for spouse/partner/children if you wish.