Group Life and Accidental Death and Dismemberment (AD&D) Insurance

You are eligible for Group Life and AD&D insurance if you are an active employee of a New Mexico Public Schools Insurance Authority (NMPSIA) participating employer, regularly working at least the minimum number of hours each week, but not less than 15 hours per week.

 

Active Members, other than elected or appointed School Board members or Members of New Mexico Institute of Mining and Technology

Your Basic Life coverage amount is determined by your participating employer. Your employer may choose to offer coverage in the amount of $10,000, $25,000 or $50,000. Check with your employer to see which option applies to you. For a covered accidental loss of life, your Basic AD&D coverage amount is equal to your Basic Life coverage amount. For other covered losses, a percentage of this benefit will be payable.

For You: If your Employer chooses to offer Additional Life insurance, you may apply for an amount equal to 1, 2 or 3 times your annual earnings (annual earnings will be rounded to the next higher multiple of $1,000, if not already a multiple of $1,000). The maximum amount is $600,000. For a covered accidental loss of life, your Additional AD&D coverage amount is equal to your Additional Life coverage amount. For other covered losses, a percentage of this benefit will be payable.

For Your Spouse: If you elect Additional Life insurance for yourself and if your Employer chooses to offer Dependents Life insurance for your spouse, you may elect coverage in the amount of the lesser of: (a) 50% of the amount of your Additional Life insurance, or (b) 1 times your annual earnings (annual earnings will be rounded to the next higher multiple of $1,000, if not already a multiple of $1,000).

For Your Child(ren): If you elect Additional Life insurance for yourself and if your Employer chooses to offer Dependents Life insurance for your child(ren), you may elect coverage in the amount of $5,000.

You can find additional information in the Schedule of Insurance section of your Group Life and AD&D Insurance Certificate or within your Employee Benefits Guide Booklet.

 

Active Members of New Mexico Institute of Mining and Technology

Your Basic Life coverage amount is $50,000. For a covered accidental loss of life, your Basic AD&D coverage amount is equal to your Basic Life coverage amount. For other covered losses, a percentage of this benefit will be payable.

For You: You may apply for Additional Life insurance in the amount of 1 times your annual earnings, rounded to the next higher multiple of $1,000, if not already a multiple of $1,000. The maximum amount is $600,000. For a covered accidental loss of life, your Additional AD&D coverage amount is equal to your Additional Life coverage amount. For other covered losses, a percentage of this benefit will be payable.

For Your Spouse: If you elect Additional Life insurance for yourself, you may elect coverage for your spouse in the amount of $30,000.

For Your Child(ren): If you elect Additional Life insurance for yourself, you may elect coverage for your child(ren) in the amount of $5,000.

You can find additional information in the Schedule of Insurance section of your Group Life and AD&D Insurance Certificate or within your Employee Benefits Guide Booklet.

 

Watch a video about how Life and AD&D insurance can help provide more financial security for your loved ones.

 

 

This policy has exclusions, limitations and terms under which the policy may be continued in force or terminated. The amount of benefits provided depends on the option selected. Premium will vary according to the selection made. Please contact The Standard for additional information, including costs and complete details of coverage.

You are eligible for Group Life and AD&D insurance as a retired member if you are one of the following:

1. An employee of Clovis, Dora or Portales School District who retired under your Employer’s retirement program on or after January 1, 1990, and who is less than age 70;
2. An employee of a school district other than Clovis, Dora or Portales who retired under your Employer’s retirement program on or after January 1, 1990, and who is less than age 65; or
3. An employee of New Mexico Institute of Mining and Technology who retired under your Employer's retirement program.

"Employer" means "A public school district, charter school or other educational entity participating in the New Mexico Public Schools Insurance Authority (NMPSIA), whose coverage under the group policy has been approved by NMPSIA."

 

Retired Members (excluding retired Members of New Mexico Institute of Mining and Technology)

For You: You may elect Life insurance equal to the amount of your contributory life insurance in effect under NMPSIA’s group life insurance plan on the day before your retirement, but not to exceed $300,000. For a covered accidental loss of life, your AD&D coverage amount is equal to your Life coverage amount. For other covered losses, a percentage of this benefit will be payable.

For Your Spouse: If you elect Life insurance for yourself and if your Employer chooses to offer Dependents Life insurance for your spouse, you may elect coverage in the amount of the lesser of: (a) 50% of the amount of your Life insurance, or (b) 1 times your annual earnings (annual earnings will be rounded to the next higher multiple of $1,000, if not already a multiple of $1,000).

For Your Child(ren): If you elect Life insurance for yourself and if your Employer chooses to offer Dependents Life insurance for your child(ren), you may elect coverage in the amount of $5,000.

You can find additional information in the Schedule of Insurance section of your Group Life and AD&D Insurance Certificate.

 

Retired Members of New Mexico Institute of Mining and Technology

For You: You may elect Life insurance in the amount of $10,000. For a covered accidental loss of life, your AD&D coverage amount is equal to your Life coverage amount. For other covered losses, a percentage of this benefit will be payable.

You can find additional information in the Schedule of Insurance section of your Group Life and AD&D Insurance Certificate.

 

Watch a video about how Life and AD&D insurance can help provide more financial security for your loved ones.

 

 

This policy has exclusions, limitations and terms under which the policy may be continued in force or terminated. The amount of benefits provided depends on the option selected. Premium will vary according to the selection made. Please contact The Standard for additional information, including costs and complete details of coverage.

If you lose coverage due to a change in employment status, resignation or termination, you may be eligible to continue the Life insurance coverages through Standard Insurance Company on an individual paying basis. If retiring from NMPSIA, additional options are available to continue Life insurance, please visit your benefits office for a Retirement Packet.

Conversion

If your Life insurance ends or is reduced (for any reason other than failure to make a required premium contribution or payment of an Accelerated Benefit), you may convert qualifying amounts of your coverage to an individual life insurance policy without providing Evidence of Insurability.

You must apply for Conversion in writing and pay the first premium within 60 days after termination of, or reduction in, your coverage. Premium rates for converted coverage differ from rates for coverage under the Group Policy.

Dependents may also convert qualifying amounts if their Life insurance ends. AD&D insurance may not be covered. To apply, please complete the Group Conversion Packet. If you have questions or want rate information, please contact The Standard at 800.378.4668 with your policy number "645549".

Portability

If your insurance ends because you cease to be a Member due to termination of your employment and you meet the following conditions: You are not disabled, you are under age 70 and you must have been continuously insured under the Group Policy for at least 12 consecutive months; you may continue ("port") qualifying amounts of your group Life, AD&D and Dependents Life coverages.

You must complete the Life Portability Application and pay the first premium within 60 days after you cease to be a Member. Premium rates for ported group coverage differ from rates for coverage under the Group Policy. See the Group Life and AD&D Certificate for specific details about the conversion and portability provisions. If you have questions or want rate information, please contact The Standard at 800.378.4668 with your policy number "645549".

Travel Assistance

Designed to respond to most medical care situations and many other emergencies you and your family may experience when you travel 100 miles or more from your home, Travel Assistance provides a wide-ranging program of information, referral, coordination and assistance services. These services include pre-trip assistance, medical assistance, emergency transportation, travel and technical assistance, legal services and medical supplies. Assistance is available 24 hours a day, 365 days a year whether you are 100 or 10,000 miles from home.

For more details, see the Travel Assistance Flyer in English or Spanish and simply print and carry the Travel Assistance Card from the back of the flyer to use this service.

Travel Assistance Flyers

• English
• Spanish

Program Descriptions

• English
• Spanish

 

Life Services Toolkit

Group Life insurance through your employer gives you assurance that your family will receive some financial assistance in the event of a death. But coverage under a Group Life policy from The Standard does more than help protect your family from financial hardship after a loss. We have partnered with Health Advocate to offer a lineup of additional services that can make a difference now and in the future.

Online tools and services can help you create a will, make advance funeral plans and put your finances in order. After a loss, beneficiaries can consult experts by phone or in person, and obtain other helpful information online.

The Life Services Toolkit is automatically available to those insured under a Group Life insurance policy from The Standard. Recipients of an Accelerated Benefit can access services for 12 months after the date of payment. Life insurance beneficiaries can access services for 12 months after the date of death.

Visit the Life Services Toolkit website with the username of “assurance” for information and tools to help you make important life decisions.

For beneficiary services, please visit the Life Services Toolkit website with the username of “support” or call 800.387.5742 for assistance.

To learn more about the support tools available and the beneficiary services, please see details in the English or Spanish flyer.

Flyer

• English
• Spanish

Benefit Summaries

• Employee Benefits Guide Booklet

 

To Apply for Coverage

• Enrollment Form
• Change Form