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June 26, 2009
Employees
Current Salary Levels Can Now Be Used as Basis for Life Insurance Coverage
 
As you know, the volume of life insurance coverage that your employees carry is based upon the July 1st salary levels of the previous year.  This method was originally put in place to coincide with pension and retirement reporting, which is no longer necessary.
Your Voices Have Been Heard! 
 
We poled many of the Trust's members to find the most popular method of volume determination. 

Based on the feedback we received, you will now have the option of using current salary levels as the basis of your employees' life insurance coverage volumes.  This means that there will no longer be a lag in benefit increases. 
 
If you choose this option, you would simply advise Principal of salary changes as they occur (as you are now doing with Long Term Disability updates).
 
New Option Available at the Beginning of Any Month
 
To move your Life Insurance plan to this new coverage, simply contact Judy Nordhoff, Carol Jobe or Nan Gill and let one of them know you would like to make this change.  Their contact information is on the right.

 
Thank you for choosing the Statewide Benefit Cooperative for your Life Insurance needs!
Links
To switch to the new Life option, please contact:

Judy Nordhoff
800-331-3287
ext. 43801
 
 
Carol Jobe
800-331-3287
ext. 43827
 
Nan Gill
800-331-3287
ext. 43870