COLLEGE PROVIDED LIFE INSURANCE
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COLLEGE PROVIDED – Jefferson Pilot Financial
The College provides you with a Life Insurance policy of twice your
annual base salary rounded to the next highest $1,000 up to a maximum of
$500,000. If the Life Insurance provided by the college totals more than
$50,000, the cost of the insurance coverage over $50,000 will be taxed
as income and identified as excess life on your statement of earnings.
This policy is convertible upon separation from employment.