Benefit Summary
Georgia Ports Authority pays for Basic Life and Accidental Death & Dismemberment (AD&D) insurance for employees and for eligible dependents’ life insurance. Provided by MetLife.
Basic Life and AD&D
Georgia Ports Authority pays the full cost of the Basic Life and AD&D insurance for employees and their dependents.
| Basic Life and AD&D | |
| Benefit | Salaried: 2.5 x annual base salary up to $700,000 Hourly: 2 x annual base salary up to $700,000 |
| Guaranteed Issue | $500,000 |
| Employee Accidental Death & Dismemberment Benefit | Amount equal to the employee’s amount of Basic Life Insurance in force |
| Dependent Life Benefit | Spouse: $10,000 Unmarried Children: $10,000 |
Supplemental Life and AD&D
Georgia Ports Authority offers additional Term Life and AD&D insurance on a voluntary basis to employees and their dependents.
| Supplmental Life and AD&D | ||
| Benefit | Employee | Increments of $10,000 to the lesser of $500,000 or 5 x annual base salary |
| Spouse | Increments of $5,000 to the lesser of $250,000 or 50% of employee amount; employee must have coverage | |
| Children | Increments of $2,500 not to exceed $10,000; employee must have coverage | |
| Eligibility Waiting Period | No waiting period | |
| Employee & Spouse Age Banded Rates per $1,000 (Monthly) | |||
| 18-29 | $0.13 | 55-59 | $0.79 |
| 30-34 | $0.14 | 60-64 | $1.27 |
| 35-39 | $0.15 | 65-69 | $1.58 |
| 40-44 | $0.20 | 70-74 | $4.41 |
| 45-49 | $0.29 | 75-99 | $6.78 |
| 50-54 | $0.48 | ||
| Dependent Children Rate per $1,000 | $0.22 | ||
Will Preparation & Estate Planning Assistance
(for those with Supplemental Term Life Insurance)
MetLife can help ensure your family is provided for in the future with will preparation services. Having a will prevents unnecessary stress and ensures your final wishes are clear. MetLife also offers valuable legal resources through MetLife Legal Plans to assist you with creating or updating a will at no additional cost, with your Supplemental Life coverage. Get legal guidance and unlimited consultations with network attorneys so you can feel confident you’re making the right decisions.
Take advantage of covered services, including:
- Unlimited access: Talk to an attorney as many times as needed to prepare, update or revise a will.
- Protection for the unexpected: Prepare living wills and powers of attorney to help ease the stress if you become unable to make decisions for yourself.
- These services are automatically available to you when your life insurance coverage starts.
To get started, visit legalplans.com/estateplanning.