Blue Cross of California | California Blue Cross | Blue Cross in California | Blue Cross of California

Have you been wondering if your life insurance coverage will be enough to provide you family a comfortable life in the event when you meet an untimely death? If you feel that your present insurance coverage is not really enough for the needs of your family in the future, it is always wise to look into the possibilities of increasing your life insurance coverage. The good thing about group life insurance is that it affords the policyholders a lot of options when it comes to the extent of their insurance coverage.

For people who are already enrolled in the Blue Cross of California Group Basic Term Life, they can easily increase their benefits by buying additional coverage. Although supplemental life insurance coverage will be 100% paid by the employee, the employee can choose the amount of additional coverage, which he or she could easily afford. We must always remember that life insurance policies have different rates depending on the age of the holder and the amount of coverage that he or she would wish to add. For instance, in the Supplemental Life insurance program of Blue Cross of California, a 30 year old employee who wished to get additional coverage of $15,000 would need to pay around $3.75 per month additional premium as compared to the 50 year old employee who wants to get the same $15,000 increase in coverage who will then need to pay around $12.90 additional monthly premium.

Additional Premium Levels

There are four levels of coverage under the Supplemental Life Insurance program. These are the $15,000, $25,000, $50,000 and the $100,000. Since this service is offered to group insurance, the amount of supplemental coverage will depend on the number of employees in the group who would like to take advantage of this program. For a group of 2-3, all members of the group will need to participate in the Supplemental Life Insurance program. In event where the group could not get the 100% participation, the members therein who are interested to join may not be considered as eligible for the program. Now, for a group with 4-10 members, the participation of at least 3 members is enough for the group to members to qualify for the supplemental coverage. On the other hand, where the group has 11-50 members, the requisite is at least 25% participation of its members.

The good about being in a big group such as those with 11-50 members is that there is some perks being offered by Blue Cross of California. First, when your group is about 11-50 in membership, you can get a $15,000 guaranteed issue of supplemental life insurance. This means that even if you are the only one in the group is wants to increase your insurance coverage, you can still get the supplemental life up to $15,000. Second, if there are 11 or more members in your group, those who are interested to get supplemental life insurance can get up to $100,000 increases in their coverage provided that the group gets the required 25% participation.

Learn more at: www.baahealth.com