Effective Date of Coverage
Employee-Paid Voluntary Life Insurance
may enroll in The Standards voluntary life insurance at any
time. However, employees must apply for coverage within sixty (60)
days of employment, or reemployment if there has been a break in
service of more than thirty (30) days, to automatically qualify
for a set amount of coverage called Guarantee Issue ($150,000 for
employee, $50,000 for spouse/domestic partner and $20,000 for a
The effective date of coverage is the first of the
month following approval of the application for coverage. The State
Controllers Office must receive the employee's enrollment
information from The Standard within the benefits processing dates of each calendar month, in order for the coverage
to be effective in the following month. Information received after
benefits processing has been completed will delay the effective date to the first of the second month.
Reenrollment or change in enrollment follows the same effective
dates as enrollment. Premium payments are made through payroll deduction.
Premiums automatically cease when an employee goes on:
- Leave of absence without pay
- Temporary disability compensation
- Non-industrial disability leave
- Industrial disability leave, or
- Other non-pay status.
Premiums will resume once the employee returns to active pay status.
Eligible employees who are granted a leave of absence without pay
may continue their participation by making direct payments of the
full premiums to the The Standard Life Insurance Company.