Free Sample Basic Life Insurance Policy
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Sample Basic Life Insurance Policy


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Basic Life Insurance

Policy Rationale

To provide financial coverage for employees and their beneficiaries.

General Provisions

In the event of an employee’s death, coverage is equal to two times the employee’s annual salary, rounded up to the nearest thousand dollars.  In the event of a beneficiary’s death, coverage is equal to one and a half times the employee’s annual salary, rounded up to the nearest thousand dollars.

Post Retirement Coverage

Coverage after retirement will continue until age enter age limitation.

Disclaimer

While every attempt has been made to ensure the accuracy of the above summary, the actual Plan text will prevail in the event of any discrepancy as this policy does not constitute a legal document.


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