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Life Insurance (GTL)

Included in the Core Insurance package is Group Term Life Insurance (GTL). This is automatic coverage for every employee and their family without any medical questionnaires or exams. The coverage amounts are as follows:

  • Employee - $50,000
  • Spouse - $2,000
  • Children - $2,000 each

For active employees, coverage reduces at age 65. The premium for this coverage is included in the medical plan premium.

Starting April 1st, 2024, the Group Term life benefit amount will be equal to your annual salary rounded up to the next highest $10,000 increment or $50,000, whichever is greater. The GTL benefit for covered spouses and dependents ages 15 days to 26 years will increase from $2,000 to $10,000. For those younger than 15 days, it will increase from $500 to $2,000. Remember, the premium for employee, spouse, and dependent GTL coverage will now be paid entirely by your employer.

Here is an example of how this will change after April 1st, 2024 for an employee that currently makes $62,000 a year:

Current BenefitBenefit after April 1st, 2024
Two Children$2,000 per child$10,000 per child

If the value of your employee benefit is over $50,000, the IRS requires the premiums for the portion over that amount be included in your taxable income. This taxable, or imputed, income is reported on your IRS Form W-2. For more information about imputed income, visit

Existing age benefit reductions and IRS annual compensation limit applies.

For more information, please see or contact Benefit Services at 801-422-4716.

Return to the Employee Benefits page.