PABUG Voluntary Life Insurance Set-up
ann.thompson at fandm.edu
Mon Aug 27 13:00:52 EDT 2018
F&M is going to be offering Voluntary Life Insurance to our employees
beginning in 2019. The employee and spouse plans allow for incremental
coverage, up to a maximum, and the rates are based on age. So for example,
an employee can purchase $10,000 increments, up to $500,000 and a spouse
can purchase $5,000 increments, up to $250,000.
I've found lots of documentation on how to set-up Banner if you offer 1x,
2x, etc., but nothing on the incremental levels.
Do any of you offer similar benefits and would you be willing to share how
you set-up Banner?
Thanks so much!
*Ann M. Thompson, CBP, SHRM-SCP*
Assistant Director, Benefits & HRIS
Franklin & Marshall College
PO Box 3003
Lancaster, PA 17604-3003
Office: 717-358-4353 <(717)%20358-4278>
Fax: 717-358-3969 <(717)%20358-3969>
WebEx Meeting Room: http://fandm.webex.com/join/athomps4
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