Life Insurance - Life insurance coverage is the same regardless of whether you are employed full-time or part-time.
- The amount of Basic Life Insurance is based on your annual salary rounded to the nearest thousand plus an additional $2,000. Therefore, the amount of basic life insurance coverage you are eligible for will be based on your annual salary. Part-time employment, of course, will lower your annual salary thus lowering your amount of basic life insurance coverage. Premiums for basic insurance are based on a rate of $.15 per $1,000 of insurance. Part-timers pay the same rate, but since their annual salaries are lower the amount of their Basic Life Insurance is lower, therefore, their premiums will be lower
|