Life Insurance Open Enrollment Available for Plan Year 2012
Life Insurance Open Enrollment is available this season for employees hired on or after 10/1/1987.
Life Insurance Open Enrollment occurs every seven to ten years. Do not miss your opportunity to enroll in life insurance or to increase your current life insurance coverage.
Basic Life Insurance
Coverage begins on Day 1 of employment and you are automatically enrolled in the benefit unless you previously declined the coverage. Basic life insurance is equal to 1x your annual salary (rounded up to the nearest $1,000) plus $2,000.
Supplemental Life Insurance
You cannot enroll in supplemental life insurance unless you elect to enroll in the basic life insurance plan. Premium rates are based on age and salary.
- Standard - Option A
- Additional $10,000 worth of insurance coverage
- Additional – Option B
- Additional coverage equivalent to one up to five times your annual salary
- New! Family – Option C
- Coverage rates for Life Insurance Family Option C will increase in 2012. Employees can elect to add the additional coverage for eligible dependents from one up to five times your annual salary.