Life and Disability Insurance Options
Available to Permanent, Full-Time Employees Working More Than 20 Hours Per Week
Your coverage is effective the first day of the month following 60 days of service
Through The Standard, Gloucester Public Schools offers a Basic Life and AD&D Policy to full-time, eligible employees. This policy helps protect your loved ones from financial hardship in the case of a loss or severe accident. To complement the basic life policy, you have the option to elect additional life insurance for yourself and/or your dependents.
In addition to Life and AD&D, Gloucester Public Schools offers you the ability to purchase Short-Term and/or Long-Term Disability Insurance. Disability Insurance is a special type of insurance that protects your ability to earn a paycheck if you experience a serious injury or illness.
What is the Basic Life & AD&D Policy?
The Basic Life and AD&D Policy is a $5,000 policy paid out to your designated beneficiary if the unthinkable happens. If you'd like to enroll in the Basic Life and AD&D policy, we highly recommend you do so at your time of hire. If you choose to wait and add it at a later date, you may be subject to a Health Screening Questionnaire through The Standard.
What is the Difference Between Short-Term and Long-Term Disability Insurance?
Generally, short-term disability insurance is intended to cover you for a short period of time following a covered illness or injury that keeps you out of work. Short-term disability payments are paid out on a weekly basis and pay out a higher percentage of your salary, but only for a short period of time.
Long-term benefits are typically paid out on a monthly basis and at a smaller percentage of your salary, but you receive benefits for a much longer period of time.
Depending on the type of illness or injury keeping you out of work, you may be able to exhaust your short-term disability and then utilize your long-term disability insurance.