If eligible, the amount of Life and Accidental Death and Dismemberment (AD&D) insurance available to you is 2x the annual salary you had in place before retirement or terminating from ASEBP. If you did not previously participate in Life and AD&D insurance, you are not eligible for these benefits. Benefits paid under these policies are tax-free.

Eligibility Requirements

• Covered members under 65
• Previously participated in ASEBP’s Life and AD&D insurance

The amount of Life and Accidental Death and Dismemberment (AD&D) insurance available to you is $25,000. If you currently have Option 1 (2x your pre-retirement employer salary), you can switch to Option 2 by completing the MyRetiree Plan Change Application form. The $25,000 flat-rate option is the mandatory minimum requirement for all new MyRetiree Plan covered members who join the plan on and after January 1, 2026. Benefits paid under these policies are tax-free.

Eligibility Requirements

• New covered members under 65

The following is a comprehensive summary of the official, legally binding ASEBP insurance policies and plan documents available through your employer or by contacting us.

• The accident must be the sole cause of death or specified injury for the benefit to be considered
• Available only to you, the covered member (note that some benefits are payable to your spouse and dependants)
• Option 1: Your Principal Sum is two times your annual earnings at the time of retirement to a maximum of $800,000.
• Option 2: Your Principal Sum is $25,000

• Payable to your designated beneficiary or your estate. This includes salary, administrative allowances, isolation pay, vacation pay, retroactive salary, and compensation for an acting assignment longer than three months.
• Note that annual earnings do not include car allowances, early retirement incentives, expense allowances or reimbursements, overtime, pay in lieu of vacation, salary from teaching night or summer school classes, or signing bonuses.
• Your Principal Sum is two times your annual earnings at the time of retirement to a maximum of $800,000.

• Payable to your designated beneficiary or your estate.
• Your Principal Sum is $25,000.