On top of the basic coverage JTS provides, you can buy additional life and AD&D insurance for yourself, your spouse, and your children through New York Life at group rates. You pay for this coverage yourself through payroll deduction, and the benefit amounts are the same in both classes — Class 1 and Class 2 differ by ownership status, not by what’s available to buy.
How much you can buy
- Employee: buy in $10,000 increments up to $300,000. $60,000 is guaranteed issue — no health questions if you enroll on time.
- Spouse or domestic partner: buy in $5,000 increments up to $100,000, capped at 100% of your own coverage amount. $20,000 is guaranteed issue.
- Children: $5,000 increments up to $25,000, all guaranteed issue regardless of amount.
If you enroll during this Open Enrollment, you and your spouse can elect up to the guaranteed issue amount without an Evidence of Insurability form. Ask for anything above that, or enroll outside this window, and you’ll need to provide proof of good health before the extra coverage takes effect.
Portability
If your employment ends before you turn 70, you can continue this coverage on your own by paying New York Life directly. Premiums go up at that point, but you keep the protection.
Added protections
The same waiver of premium and accelerated death benefit terms as the basic plan apply here too.
