Basic Life Insurance - Employee

Basic Life Insurance is mandatory. The amount of coverage, 1 times your annual salary, is rounded up to the next $1,000 up to a maximum of $725,000. This amount is reduced by 50% at age 65.

Your coverage amount automatically increases as your salary increases. Similarly, if your salary decreases, so does your coverage.

The cost of this benefit is entirely paid through payroll deductions.

Salary: current annual gross base salary excluding overtime pay, bonuses and other types of compensation.