Special Open Enrollment for Life Insurance

TAMPA, Fla. (Feb. 3, 2009) -- The Gabor Agency has announced a special, limited-time open enrollment period for USF employees from Feb. 2 - May 29, 2009.

 

During this special open enrollment period, eligible USF full and part-time employees may purchase permanent life insurance that is (1) guaranteed for the life of the insured as long as the level premiums are paid, (2) may be continued after retirement or termination of employment with no additional premium or reduction of coverage, and (3) may be purchased during this special open enrollment period without evidence of insurability.

 

Full-time and part-time (.75 FTE or greater) employees in benefit-eligible positions may purchase Universal Life Extra. Employees up to age 65 may apply for up to four times their salary ($250,000 maximum), and employees between the ages of 66 and 70 are eligible for up to $25,000 of coverage. Spouses are eligible for up to $25,000 coverage.

 

Available benefit amounts and eligibility requirements are outlined in a brochure sent to eligible employees via campus mail. Larger coverage amounts are available to employees, spouses and eligible children on the same rate basis with evidence of insurability. 

 

For more information, including premium quotations, or to apply for coverage, contact the Gabor Agency at (850) 894-9611, Ext. 6.