To Learn More Click Here: Gabor Group Term Life Enrollment Site
Group term life insurance features low-cost life insurance for your family (children included), and is flexible enough to travel with you should you leave your job. Spouse coverage is up to $50,000, and overall coverage is up to four times your annual salary (capped at $200,000).
Group term life insurance offers low-cost life insurance policy with coverage that never decreases with age as long as your employment continues and premiums are paid. As mentioned above, it can provide coverage up to four times your annual salary (maximum limit of $200,000) and allows spouse coverage for up to $50,000. It covers all eligible children for one low monthly cost and travels with you if you leave your job or retire.
Please complete the enrollment brochure and return it to your Gabor representative.
You are eligible for coverage if you are an active non-faculty employee working at least 30 hours each week or a faculty employee regularly appointed 75 percent or more. (This coverage is not available to temporary and seasonal employees, full-time members of the armed forces, leased employees and independent contractors).
If you elect Group Term Life insurance for yourself, you may also elect Dependents Life insurance for your spouse and child(ren). However, your spouse or children may not be full-time members of the armed forces.
Dependents Life Insurance Benefits, if any, will be paid to you if you are living. Please see the Group Life Certificate of Insurance for further details.
For a detailed presentation on Group Term Life please click here.