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Employees may purchase from $10,000 to $250,000 (but no more than 5 times annual salary) in additional term life insurance coverage. Employee guaranteed issue of $50,000, regardless of health, if enrolled in TEA within 31 days of employment. Coverage is available for spouse and dependents at three option levels.
When Eligible: The employee must enroll within 31 calendar days of employment to receive the guarantee issue. Enrollment available anytime thereafter – requires underwriter approval.
Who Pays: The employee pays premiums based on the age of the employee and the amount of life insurance coverage purchased.
Website: http://www.k-state.edu/hr/benefits/tea.htm
TEA Life Insurance Rates Chart (PDF)
Related KSU
Policy and Procedures Manual Chapter:
4820 Insurance
Programs
Related Link:
University
Handbook, Section E: Leaves, Insurance, and Retirement Programs: Life
Insurance
