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  • State Of Wv Optional Life Insurance Enrollment Form

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Complete the Policyholder section of the form and return the completed form to PEIA. Name Last First MI Generation Jr. Sr. etc. Date of Birth mm/dd/yyyy Sex Check One Male Work Phone Female Street Address City Social Security Number State P Zip Home Phone Please choose one of the following o Please change the beneficiary s of my Basic Life Insurance. Complete Section A below. L If more than one beneficiary is named you may divide the death benefi.

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If a form has (Complete Online) next to it, you can do this online by going to Manage My Benefits. It's easier, faster and leads to fewer mistakes than printing a form and sending it to PEIA. Full instructions can be found here.

Even if you don't have a family dependent on you, there are many reasons why you should consider taking out an optional life insurance policy. Several unexpected costs arise after death such as funeral expenses and burial costs, medical expenses, and other costs that normally rise into the tens of thousands of dollars.

Average life insurance cost by state StateAverage Annual Life Insurance PremiumAverage Monthly Premium Washington $655 $55 West Virginia $590 $49 Wisconsin $607 $51 Wyoming $601 $5047 more rows • May 23, 2023

Only permanent policies can build cash value.

During open enrollment or a qualifying life event, you can opt in to voluntary life insurance plans offered through your employer or adjust your coverage if you are already enrolled.

Basic Term Life Insurance pays $2,500 to your beneficiary upon your death. Optional Term Life Insurance provides additional coverage — up to two times your annual salary when you retired (Election 1 or 2). Maximum coverage is $400,000. The monthly premium is based on your coverage election, your salary and your age.

As the term suggests, optional insurance is insurance that you can choose to have. This means you are not legally obliged to take out the insurance, but in most cases, it's probably recommended as it might help you save money in the long run.

Key Takeaways. Voluntary life insurance is an optional benefit provided by employers that provides a death benefit to a beneficiary upon the death of an insured employee. It is paid for by a monthly premium that often takes the form of a payroll deduction.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232