Spouse and dependent children coverage is also incuded in the term life insurance. Employees pay premiums. The premiums are higher than a term life insurance plan because it includes cash accumulation, a loan provision and paid-up features. The universal life insurance plan has a level premium which means the premiums do not increase as the participant's age increases. The universal plan does not include coverage on spouse or children.
Employees pay premiums.
We are currently pursuing other providers for long term disability coverage and will update benefit summary as soon as information is available. Employees pay premiums. Services are confidential. In accidental or natural death, while in service, accumulated annual and sick leave paid to beneficiary or estate. Benefits based on salary and years of service.