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Life and Accident Plan FAQs

Am I eligible for a GuideStone Insurance Life and Accident Plan?
  • You are eligible if you are a paid employee of a church, agency or institution affiliated with the Southern Baptist Convention;
    - OR -
  • You are a paid employee of a church, agency or institution that shares common religious bonds with the Southern Baptist Convention; and
  • You work 20 or more hours per week; and
  • You provide evidence of good health on yourself and all family members requesting coverage.
What coverage amounts do you offer for Employee Term Life?
  • Coverage is available in $5,000 increments from $10,000 to $50,000, and
  • One to eight times annual salary not to exceed $750,000.
Can my spouse apply for Spouse Term Life coverage?
Yes — but only if you apply for employee term life.   A spouse cannot carry more than half of the employee's coverage (max $250,000).
What will my monthly rate be for Child Term Life if I have three children?
The monthly rate for $10,000 of child life coverage is 75 cents total, regardless of the number of children covered. This means if you have three children your total monthly rate would be 75 cents.  Each eligible child will have $10,000 in coverage. 
What is a Personal Accident Plan?
This is a plan that pays you or your beneficiary if you die or suffer a specified loss (eyesight, hand or foot) in an accident.  This plan is available to employees and their spouses.
What is Accidental Death and Dismemberment?
Pays you or your beneficiary if you die or suffer a specified loss (eyesight, hand or foot) in an accident.  This plan is available to employees with term life only.  Benefit equals employee term life amount.
Can my spouse apply for accident coverage?
Yes -- but only if you apply for a Personal Accident Plan as well. The coverage amount will equal 50% of the employee coverage amount. GuideStone does not offer Spouse AD&D coverage.
What is Guaranteed Standard Issue (GSI)?

Guaranteed Standard Issue (GSI) is automatic approval for life insurance in flat amounts or up to four times annual salary.  No underwriting is required for GSI amounts.  The following criteria must be met for GSI eligibility:

  • Must be a first-time employee at your first church eligible for GuideStone coverage.
  • May not have previously been rejected for coverage by GuideStone underwriters.
  • The application must be signed within the first 62 days of the employment or eligibility date.
  • The application must be received within 90 days of the employment or eligibility date.

An applicant who is eligible for GSI and applies for five to eight times salary will be set up with four times salary with a GSI effective date. The application will be underwritten for the five to eight times amount. (If approved, the upgrade would be effective on the approval date. If denied, GuideStone will continue to bill for the GSI amount.)

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