Life Insurance

Gabor offers a variety of life insurance policies to USF employees. The plans may be used to supplement other insurance policies, and insurance may be purchased for an employees spouse and dependents. The premium cost varies based on the policy, amount of coverage, and age of the insured. To enroll in one of these plans please contact a representative from Gabor (see FIND IT).


Group Term Life Insurance is a low cost life insurance policy with coverage that does not decrease with age as long as employment continues and premiums are paid. This policy is offered Guaranteed Issue with no medical exam required during the first 60 days of employment or during periodic open enrollments up to four times annual salary with a maximum limit of $200,000. Employee spouses are also eligible for guaranteed coverage up to $50,000 if payroll deducted. Group Term Life Insurance is portable, so if you leave your job or retire, you can take your policy with you. * Underwritten by Standard Insurance Company.

For more information, please visit http://www.gaboragency.com/schools/university-south-florida.


Whole Life Insurance with Mass Mutual offers permanent protection with premiums that never increase, and allows you to provide for your family even when you can't be there for them. See the Mass Mutual Guarantees and Plan Features below. * Underwritten by Mass Mutual Life Insurance Company.

Mass Mutual@ Work Whole Life comes with three guarantees:

    Guaranteed Death Benefit

    Guaranteed Level Premium

    Guaranteed Increases in Cash Value

Other features of this plan include:

    Easy Payroll Deduction with no paper bills to pay.

    Offered to benefit eligible employees on a guaranteed issue basis or streamlined underwriting up to $250,000.00. Coverage offered to spouses in amounts of $25,000 or $50,000 on a simplified underwriting basis; Coverage offered to dependents guaranteed issue for $25,000.00.

    Full portability of coverage; if you leave your job or retire the plan goes with you with no rate increase.

    Owners are eligible to receive dividends. While dividends are not guaranteed, MassMutual has paid them to participating policy owners consistently since the 1860s.

Click the link below to learn more about how MassMutual@ Work can work for you.

http://massmutualatwork.com/knowledge-center/insurance-benefits-basics/understanding-whole-life-insurance/

Eligibility

Full time employees in a benefit-eligible position or part time employees with .75 FTE in a benefit-eligible position.


Level Term Life Insurance offered through Gabor is the least expensive form of life insurance available through the University. (Underwritten by Symetra Life Insurance Company)

Features of this plan include:

    Easy Payroll Deduction

    Competitive Pricing - Level Term provides gender based ratings

    Predictable Premiums - Premiums will not increase during your initial term

    Customizable Coverage - Choose a term that fits your needs: 10, 15, 20, 30 years

    Advanced Access for Illness - If you are diagnosed with a terminal illness

    Portable Coverage - If you leave your job or retire, your policy goes with you with no increase in rates


For more information on the products that The Gabor Agency has to offer to USF employees, please visit http://www.gaboragency.com/schools/university-south-florida

FIND IT

The Gabor Agency


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