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As a benefits-eligible employee, you are eligible for term life insurance coverage
beginning on the date you start work. The Human Resources Administrator will
supply enrollment information to you. Please consult the applicable insurance
booklet or certificate of coverage for more information.
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Basic Life Insurance
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Basic Life Insurance provides protection for your survivors
if you die while you are covered under the plan. The College pays the premium
for your Basic Life coverage. The College continues to pay your premium
during a period of disability up until an extended disability leave. The
benefit is 100% of your basic annual salary, rounded to the next higher
multiple of $1,000, if it is not already a multiple of $1,000. There is
a minimum benefit of $10,000 and a maximum of $150,000. |
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Optional Life Insurance
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Optional Life Insurance is an opportunity for you to provide
additional insurance for your survivors up to a maximum benefit of $350,000.
You are eligible to apply and become insured on your first day of employment.
If you do not apply within 31 days of the date you are first eligible, you
will need to submit a Statement of Health form for consideration and approval.
The insurance carrier may decline to extend coverage to late enrollees.
You pay the premiums for this supplemental protection through payroll deduction
on an after-tax basis. You can choose among the following benefits, in addition
to your basic life benefit: |
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100% of your basic annual salary |
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200% of your basic annual salary |
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300% of your basic annual salary |
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Your premium will vary depending on your benefit choice and your age.
Please note that premium costs for Optional Life Insurance rise at certain
ages. Check with your Human Resources Administrator for more details.
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