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Classified Employee Handbook

Life Insurance

I.       Basic Life

If you are appointed half-time or more, you are eligible to participate in the group term life insurance. Basic life insurance is equivalent to your base annual salary (not to exceed $50,000) and is provided at no cost to the employee. As your salary increases, your basic coverage is automatically increased. Benefits for the basic coverage are reduced for employees age 60 and older. If you choose, you may carry additional life insurance for yourself (see optional life) and/or dependent life insurance (see dependent life) with the premiums paid by you.

If you do not enroll in the insurance plan within 31 days after becoming eligible for coverage, you and any dependents you wish to cover must provide evidence of good health.

You may keep $10,000 of life insurance coverage at retirement if the following conditions are met:

A.    Your age plus years of service at retirement equal 70 years;

B.     You have 10 or more years of continuous coverage under the group life insurance plan; and

C.     You pay the full premium for coverage after retirement.

For more information, contact Human Resource Services.

II.                Optional Life Insurance

You have the option to buy additional life insurance through the Optional Life Insurance plan. You may choose additional coverage of one times, two times, three times, or four times your annual salary. There is a maximum benefit of $300,000. The employee pays the full cost of optional life insurance.

III.     Dependent Life Insurance

You may buy life insurance for your spouse and eligible dependent children under this plan. If you enroll for this coverage, you have the option of choosing $10,000, $15,000 or $20,000 coverage on your spouse. Each eligible dependent is covered for 50% of the amount selected for your spouse. Children older than 14 days but less than 6 months are covered for $100. The employee pays the full cost of dependent life insurance.

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Last revision 11/1995

Updated 10.26.2011