EMPLOYEE PAID LIFE PLAN. 1. If coverage is desired, the University will make available to employees an Employee-Paid Life Plan. The plan is entirely funded from employee premiums and rates are subject to future group experience. The plan is decreasing term coverage with no cash or loan value. Employees may select coverage under one option: either salary indexed or fixed benefit. Benefits may also be selected for eligible dependents.
EMPLOYEE PAID LIFE PLAN. 276 The University provides an optional Employee paid life plan for regular full-time and part-time Employees. The benefit is payable in the event of death, or for other reasons as defined in the Employee Paid Life Plan brochure. -277 Eight plans of coverage are offered. Four of the plans provide "fixed" amounts of life coverage based upon flat monthly premiums. The other four options provide "salary indexed" life benefits, which are a multiple of annual salary. Contributions for the salary indexed options are a percent of salary. Benefits may also be selected for eligible dependents. The benefit is decreasing term with no cash or loan value. The program is entirely funded from Employee contributions, and rates are subject to future group experience. Employees may enroll within sixty (60) days of initial employment or during a scheduled open enrollment period.
EMPLOYEE PAID LIFE PLAN. 278 The University provides an optional Employee paid life plan for regular full-time and part- time Employees. The benefit is payable in the event of death, or for other reasons as defined in the Employee Paid Life Plan brochure. -279 Eight “salary indexed levels” of coverage are offered based on annual salary. Benefits may also be selected for eligible dependents. The benefit is decreasing term with no cash or loan value. The program is entirely funded from Employee contributions, and rates are subject to future group experience. Employees may enroll within thirty (30) days of initial employment or during a scheduled open enrollment period.
EMPLOYEE PAID LIFE PLAN. 127 If coverage is desired, the University will make available to regular full-time employees a group life plan. The plan is entirely funded from employee premiums, and rates are subject to future group experience. The coverage is decreasing term with no cash or loan value. Employees may select coverage under one option: either salary indexed or fixed benefit. -128 Participation in the plan is optional. However, if enrollment does not take place within 60 days of employment, the employee forfeits the right to participate at a later time without submitting satisfactory evidence of insurability.
EMPLOYEE PAID LIFE PLAN. 234 The University provides an optional Employee‐paid life program for regular full‐time and part‐time staff. The benefit is payable in the event of death. ‐235 Eight plans of coverage are offered. Four of the plans provide "fixed" amounts of life coverage based upon flat monthly premiums. The other four options provide "salary indexed" life benefits which are a multiple of annual salary. Contributions for the salary indexed options are a percent of salary. Benefits may also be selected for eligible dependents. The benefit is decreasing term with no cash or loan value. The program is entirely funded from Employee contributions and rates are subject to future group experience. ‐236 Employees may enroll within sixty (60) days of initial employment or during a scheduled open enrollment period.
EMPLOYEE PAID LIFE PLAN. 230 The University will make available to regular full-time and part-time employees an optional life plan. The plan is entirely funded from employee premiums and rates are subject to future group experience. The plan is decreasing term with no cash or loan value and coverage may be selected in optional amounts depending upon age and the plan selected.
