Employees are offered two types of life insurance coverage—basic (paid in full by the County) and optional (paid by the employee). Below is more information on these options.
All full-time eligible employees participate in a group term life insurance and accidental death and dismemberment insurance program through the Virginia Retirement System (VRS). Life insurance coverage is two times, or in the case of accidental death, four times the next highest thousand dollars above annual salary. Example: If annual salary is $13,455, coverage is for $28,000 life insurance in the case of regular death or $56,000 for accidental death. The County assumed the cost of this coverage effective July 1, 1977. Federal law requires that the employer report the value of this coverage (exceeding $50,000) as income received by the employee for tax purposes.
Employees covered for basic group life insurance may purchase optional group life insurance coverage in an amount equal to one, two, three, or four times their salary. Optional group life insurance also is available to the member's spouse and dependent children. This life insurance is offered through the Virginia Retirement System and is underwritten by Minnesota Life.
If you have a question about life insurance, you may call Betsy Balser at 501-4355 in the County's Human Resources Department.
Minnesota Life
P.O. Box 1193
Richmond, Virginia 23218-1193
Phone (toll free) 800-441-2258
Henrico Human Resources - Benefits Division
804-501-7371
FAX: 804-501-4426
Send an e-mail