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Life Insurance

Life Insurance

Seattle Housing Authority employees may purchase basic Group Term Life insurance on a voluntary basis through payroll deduction. This plan is underwritten by Standard Insurance Company.

Basic Group Term Life (GTL) Insurance

You may purchase Group Term Life Insurance equal to one and one-half times your annual salary, or you can elect Limited Basic Life Insurance. The Limited Basic Life limits the coverage amount to $50,000 regardless of your salary amount, and enables you to have some life insurance coverage without incurring imputed income. (See Calculating the Cost of Group Life Insurance below.) Both plans are underwritten by Standard Insurance Company. SHA will contribute 40% of your premium cost and you will pay 60% through payroll deduction.

Supplemental life insurance (employee coverage)

Employees have the option to get additional life insurance by enrolling under Supplemental Term Life if they are enrolled under the Basic GTL. Employee has the option to enroll with a minimum of $5,000 up to a maximum of 4 times annual income.

Employees who apply for Supplemental life insurance within 30 days from date of hire have a guaranteed issue. However, if the supplemental GTL maximum of four times your basic salary exceeds $1,000,000 when added to the amount of your Basic GTL, you are required to submit a Medical History Statement and is subject to underwriting approval. Employees who apply during open enrollment are required to submit Medical History Statement and is subject to underwriting approval.

Supplemental life insurance (spouse coverage)

Employees have the option to enroll their spouse/domestic partner for supplemental life coverage in multiples of $5,000 up to a maximum of 50% of the amount of coverage you purchase on yourself. Spouse/domestic partner have a guaranteed issue up to $50,000. if enrolled within 30 days of employees' date of hire. Coverage for more than $50,000 on spouse/domestic partner requires a Medical History Statement.

Supplemental life insurance (child(ren) coverage)

Employees have the option to cover their child(ren) for supplemental life insurance if the employee has supplemental coverage for themselves. You may purchase coverage for your children in the amounts of $2,000, $5,000 or $10,000. One premium amount covers all children.

Calculating the cost of group life insurance

The Employee Benefits Guide contains tables to help you calculate the cost of basic and supplemental life insurance. The City pays 40% and you pay 60% of the cost for Basic Group Term Life Insurance. You pay the full cost for Supplemental Group Term Life Insurance. IRS rules state that the value of Basic Life Insurance over $50,000, which is paid for by the City, is taxable. Because SHA pays 40% of the cost for your Basic Term Life Insurance, you may have some taxable value. You may limit your Basic Term Life Insurance coverage amount to $50,000 to avoid taxation.

Beneficiary selection

You can update your beneficiary any time during the year by submitting the GTL Beneficiary form to Human Resources.

GTL Beneficiary Form

Group Term Life documents


Contact Human Resources at 206.615.3328 if you are filing for a claim.

Please note: This benefit is through the City of Seattle. Seattle Housing Authority is subject to the City of Seattle's eligibility rules and regulations for the benefits that we receive through them.  Any request from an employee that is outside the guidelines set by the City of Seattle requires written approval from them.

The City of Seattle intends to continue these plans indefinitely but reserves the right to amend or terminate them at anytime in whole or part, for any reason, according to the amendment and termination procedures described in the legal documents. The Benefits Guide does not create a contract of employment with Seattle Housing Authority or its employees.