Basic Life Insurance
You are eligible for Basic Life Insurance if you are a regular full-time employee of Children’s or a regular part-time employee who is committed to work at least 40 hours per pay period. You are not required to sign up for Basic Life Insurance. As an eligible employee, you will be automatically enrolled in Basic Life Insurance the first day of the month following your date of hire.
Children’s pays 100% of the cost of Basic Life Insurance.
Coverage Amount
As an eligible employee, you will receive Basic Life Insurance coverage equal to one times your annual base pay or $500,000, whichever is less. Your Basic Life Insurance coverage will change if your annual salary changes.
Beneficiary Designation
You are encouraged to designate a beneficiary (or beneficiaries). You may make changes to your beneficiary (or beneficiaries) at any time by logging on to Lawson Employee Self-Service and clicking Benefits, then Beneficiary.