Basic life insurance ↝ Life insurance

Bristol Community, Bristol Community College

Health & Basic Life Insurance Grant Funded Non-Unit Professional Health & Basic Life Insurance There are various health care plan choices offered to benefited employees, their spouse, and dependent(s). New Employees are eligible to begin coverage 60 days from the first full month of employment. The definition of a dependent under the dependent age 19 to 26 is a son, daughter, stepson, stepdaughter, adopted child, or eligible foster child. To be eligible for coverage as a foster child, the child must be placed by an authorized placement agency or by judgment, decree, or other order of any court of competent jurisdiction. If you have family coverage and when a child turns age 19 the Group...

Optional Life Insurance and AD D Plan Summary and Premiums

Optional Life Insurance and AD&D Plan Summary and Premiums Coverage Employees who are eligible for Basic Life Insurance may also purchase Optional Life Insurance coverage. Optional Life Insurance coverage can be one, two, three, four, five, six or seven times an employee's base salary up to $300,000. This amount is in addition to the Basic Life Insurance coverage amount of $50,000. A matching amount of accidental death coverage (AD&D) is automatically provided. Biweekly Deductions The premium for Optional Life Insurance coverage is based on a rate (determined by age) per $1,000 of coverage. The premium is paid through biweekly payroll deductions. The biweekly deduction amount is...

Basic Life Insurance Definition, Law Insider

Basic Life Insurance definition Examples of Basic Life Insurance in a sentence The Living Benefit will be an amount equal to 50% of Your Employee Basic Life Insurance in effect on the date Your election is made, subject to a minimum of $5,000 and a maximum of $50,000. The Living Benefit will be an amount equal to 50% of Your Employee Basic Life Insurance in effect on the date Your election is made, subject to a minimum of $5,000 and a maximum of $100,000. If the policy terminates within 60 days of the end of the calendar year, a final Child Care Benefit will be paid when no event will the total of all Additional Accidental Death Benefits payable exceed 100% of Your AD&D Principal...

COH Life Insurance

The City of Houston provides all full-time employees with a basic life insurance policy at one times their base annual salary at no cost to the employee through Dearborn National. You also have the option of purchasing voluntary life insurance up to three times your base annual salary without submitting an Evidence of Insurability form during your initial enrollment period (first 30 days of hire). You have the option to elect up to four times your base annual salary, but you will need to submit an Evidence of Insurability form. If you choose to enroll in this benefit after your initial enrollment period, you will need to submit an Evidence of Insurability form. Premiums are based on your...

Basic Life Insurance Plan Benefits — City of Albuquerque

Basic Life Insurance Plan Benefits The City provides a term life insurance policy at no cost to you. If you are an eligible Regular full-time or part-time employee, you are covered by The Mutual of Omaha basic life and accidental death and dismemberment (AD&D) policy. The plan will pay your designated beneficiary a benefit of 1.4 times your basic yearly compensation, rounded to the next higher $1,000. Regardless of the amount of your basic yearly compensation, the benefit will not be less than $25,000 or greater than $50,000. Travel Assistance The Travel Assistance program is an added benefit that provides assistance for your travels over 100 miles away from home or outside the country...

Basic Life Insurance: What Is It?

LinkedIn with Background Many employers offer basic life insurance to their employees as part of a benefits package. Basic life insurance is a type of group life insurance that is provided to employees at no or very low out-of-pocket cost. Insured individuals can expect that their beneficiaries will receive a limited and predetermined death benefit if the policyholder passes away during the coverage term. Understanding what basic employer-sponsored life insurance is and how it works can help you determine if you need to include this kind of life insurance coverage in your financial plan. What Is Basic Life Insurance? Basic life insurance is a form of group life insurance, wherein an...

Life Insurance Benefits, Virginia Retirement System

Life Insurance Benefits for Active & Retired Members If your employer participates in the VRS Group Life Insurance Program, you are covered from the first day of employment. Your employer may pay your portion of the premiums for basic group life insurance coverage. If you are covered under the Basic Group Life Insurance Program, you are eligible to purchase additional life insurance for yourself as well as your spouse and dependent children through the Optional Group Life Insurance Program. You pay the premiums for this additional coverage through payroll deductions. Keep Your Beneficiary Up to Date VRS pays benefits according to the latest beneficiary designation in your record. For...

Basic and Supplemental Life Insurance, Carnegie Human Resource Department

Basic and Supplemental Life Insurance Life Insurance Carnegie Institution provides basic life insurance, plus the opportunity to purchase elective life insurance. To be eligible for basic life insurance coverage, you must be an active full-time employee. Eligible Ca rnegie employees are automatically enrolled in our basic life insurance program. Both the basic life insurance and supplemental life insurance are provided by Guardian Insurance Company. Basic Life Insurance Information Carnegie’s basic term life insurance provides a benefit if you die while employed at the Institution. The Institution-paid benefit of two-times (2x) annual salary with a maximum benefit of $200,000 is...

Life Insurance (Basic, Supplemental and Dependent), Human Resources, Wright State University

Wright State University provides life insurance benefits to employees that work at an FTE of 75% or higher. Our life insurance vendor is UNUM and there are three offerings; Basic Life and Accidental Death and Dismemberment (AD&D) – 100% paid by Wright State Supplement Term Life Insurance – Voluntary coverage for employees to increase the amount of their life insurance coverage. Dependent Life Insurance – Voluntary coverage for spouse and/or children. During Open Enrollment, your current life insurance coverage and elections are noted at the bottom of Step 1 within the Online Enrollment. Basic Life and Accidental Death and Dismemberment (AD&D) Insurance At no cost to you, Wright...

What Is Supplemental Life Insurance and Should You Buy It?, Haven Life

Chances are, you’ve come across the phrase “supplemental life insurance” during your employer’s open enrollment, or when you first joined a new company. It sounds simple enough, in terms of what the words mean. But it’s a little more complicated than that, which is why we’re here to help you figure out exactly what supplemental life insurance is, what the difference between supplemental life insurance and basic life insurance is, and most importantly, whether you need it. So let’s start here: What is supplemental life insurance and who needs it? Supplemental life insurance is the coverage you can purchase through your work in addition to the group life insurance they might already offer as...