Teachers' Retirement System of Alabama
Term Life Insurance Benefits
Employees who are active participating members of the Teachers' Retirement System of Alabama are covered by term life insurance benefits. The beneficiary or estate of a deceased member who dies in active pay status will be eligible to receive up to $15,000 in life insurance benefits. The life insurance benefits will be $15,000 if the member was employed on a full-time basis or a pro rata share of the $15,000 benefit if the member was employed less than full-time, i.e., the beneficiary of a member employed half-time would be entitled to a $7,500 life insurance benefit. Pre-Retirement Death Benefits The beneficiary or estate of a deceased active member may be eligible for the pre-retirement death benefits outlined in the following Death Before Retirement Chart.
Death Before Retirement Chart
Example |
Member Age |
Years Service |
Benefit Payable if Member Dies Before Retirement |
A |
Over 60
Any Age |
10 or more
25 or more |
Choice of (1) Option 3 monthly benefit (50% allowance) to spouse unless another individual is designated or (2) Return of member contributions and total earned interest plus death benefit equal to the salary on which the member made retirement contributions for the previous scholastic year (July 1 - June 30). |
B* |
Under Age 60
Over Age 60 |
Between 1 & 25
Between 1 & 10 |
Return of member contributions and total earned interest plus death benefit equal to the salary on which the member made retirement contributions for the previous scholastic year (July 1 - June 30). |
C* |
Any Age |
Less than 1, death was job-related |
Return of member contributions and total earned interest plus death benefit equal to annual earnable compensation of member at time death occurs. |
D |
Any Age |
Less than 1, death was not job-related |
Return of member contributions and total earned interest plus matching death benefit which is limited to $5,000 maximum. |
*If the death occurred more than 180 calendar days after the member’s last day in pay status, or if the deceased had applied for a refund of contributions or terminated employment, the lump sum payment will be the same as shown in Example D.
Contact Information
If you have any questions about the Term Life Insurance, or need to make changes in your policy, please call a TRSA representative toll-free at 800.517.0020.
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