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Maximum Optional Life Insurance Benefit Increasing
May 2024
The maximum coverage amounts under the Optional Group Life Insurance Program for active members, spouses and retirees will increase effective July 1. The coverage amount for children will not change. See the chart below for details:
| Coverage Group | Current Limit | July 1 Limit |
|---|---|---|
| Active member | $800,000 | $975,000 |
| Spouse | $400,000 | $487,500 |
| Retiree | $300,000 | $375,000 |
| Child | $30,000 | $30,000 |
