However, you still must name a beneficiary. Penn pays for basic life insurance. You pay for optional life insurance with after-tax payroll deductions. The amount of optional life insurance is based on your age and salary. For more information see your PennChoice literature and personal report.
Coverage begins the month following payment of the first premium.
You pay the full premium with after-tax payroll deductions. Click here for additional information on Group Life Insurance. See SPD Section 3, pages 29-36. The pre-tax expense accounts are designed to save you money by reducing the net cost for certain expenses that are not covered by other benefit plans. Health care accounts are for certain eligible expenses that are not paid by insurance.