Additional Optional Term Life. Optional term life insurance is available in an amount up to $120,000 at the faculty member's expense through payroll deduction at rates established for the faculty member's specific age group. Optional term life insurance will require evidence of insurability and may be obtained only during regularly established enrollment periods. Coverage shall be reduced beginning at age 65, for College provided and optional life insurance, according to the following table:
Appears in 3 contracts
Sources: Faculty Master Agreement, Faculty Master Agreement, Faculty Master Agreement