Basic Life Insurance
Basic Life Insurance is included in the Health Plan for the employee(s) only. Since for married couples, both husband and wife are employees and therefore both carry Basic Life. Basic Life policies are term life; there is no cash value. For active employees age 65 and up, coverage decreases to a percentage of the full benefit.
Basic Coverage for Active Employees Age 64 and Under
Reduction in Coverage for Active Employees Age 65 and Above
Coverage is for active full-time Alliance employees and ends on the last day of the month in which employment ends. You may convert terminated coverage to an individual policy at a different rate structure. Ask Alliance Benefits for details.