Text Size:   A+ A- A   •   Text Only
Site Image
Basic Life Insurance

Summary Information Only

This Web page presents summary information only. Any error or omission here is unintentional and will be resolved in favor of plan documents or applicable federal or state law or rule.

Back to Top

Eligibility & Effective Dates

All PEBB-eligible employees are automatically enrolled in basic life insurance coverage.

Effective Dates
Your coverage becomes effective the first of the month following when you first become eligible. It is automatic. You do not need to enroll for this coverage.

Back to Top

Description of Benefit

This is term life insurance. Term life insurance means that the insurance benefit is payable only if the insured person dies during period specified by the policy. The beneficiary receives the benefit payment if the insured person dies while covered under the policy. In this case, that is while the person is a PEBB-eligible state employee. The carrier pays the benefit upon death from any cause (excluding suicide during the first two years of coverage). This insurance does not accumulate any kind of cash value.  

 ● Optional Life Insurance Certificate
 ● More Information on Life Insurance
 ● The Standard Insurance Company Website 

Back to Top

Premium Rates

The premium rate is $1 per five thousand dollars in coverage. Premium for $5,000 in coverage is paid by the employer. 

Back to Top

Tax Treatment

For employee life insurance, your premium payment for the first $50,000 in coverage (including the $5,000 basic life coverage) is taken pretax. Premium payments for coverage over $50,000 is taken post-tax.

Back to Top


You choose the beneficiaries of your basic life insurance coverage. If you do not name your beneficiaries, the designation reverts to the standard designation established by Oregon law.
The standard designation pays benefits according to the chain of family beneficiaries. It automatically accounts for such life changes as marriage, divorce, death, birth or adoption within your family.
You can make your beneficiary designations online or with a form. You will need to enter:
  • The legal name of the individual, will or trust, and relationship to you
  • The whole-number percentage you wish the individual, will or trust to receive from your benefit
  • Whether the individual, will or trust is a primary or a contingent beneficiary.
This designation will not change until you change it.

Back to Top

Continuing Coverage

You may not continue this coverage when you lose eligibility.

Back to Top

Contact The Standard

Contact The Standard Insurance Company at: 1-800-242-1888, or visit their web site.

Back to Top