nteucom duko uniueusity mcdicM ccnteR VOLUME 18, NUMBER-21 JUNE 4, 1971 DURHAM, NORTH CAROLINA Cost to Employes Reduced Better Life Insurance Plan Available June 15 is the deadline for full-time employes to apply for Duke University's expanded life insurance coverage announced last week. The insurance will go into effect July 1. In a letter to all eligible employes. Duke administrators explained that the new insurance plan will reduce the cost of employe life insurance from 60 cents per month for each $1,000 of life insurance to 30 cents per month. A new accidental death and Duke Life Insurance Program Basic Annual Amount of Earnings Life Insurance Monthly Contribution $25,000 or more $50,000 $15.00 22,500 but less than $25,000 45,000 13.50 20,000 but less than 22,500 40,000 12.00 17,500 but less than 20,000 35,000 10.50 15,000 but less than 17,500 30,000 9.00 12,500 but less than 15,000 25,000 7.50 10,000 but less than 12,500 20,000 6.00 8,750 but less than 10,000 15,000 4.50 7,500 but less than 8,750 12,500 3.75 6,250 but less than 7,500 10,000 3.00 5,000 but less than 6,250 7,500 2.25 Less than $5,000 5,000 1.50 $5,000, HAND-TO-HAND—Dr. Roy T. Parker, left, chairman of obstetrics and gynecology, accepts a $5,000 check from George Grant, clinical associate in the medical department of the S. E. Massengill Co., a pharmaceutical firm in Bristol, Tenn. The grant, one of several the company has given Duke over the past several years, is for the unrestricted use by Ob-Gyn. At right is C. P. Jones, a research associate in the department. The Massengill Co. also gave a $2,500 unrestricted contribution to be administered by the president of the University, (photo by Thad Sparks) dismemberment plan was added to the policy, with the cost of this insurance included in the 30 cents per $1,000 monthly premium. In addition, the cost to employes for life insurance coverage of their spouse and children will drop from 87 cents f)er month to 50 cents per month. The amount of life insurance an employe may purchase depends upon his basic annual earnings. (See box this page.) The new accidental death and dismemberment clause permits beneficiaries to collect double the amount of life insurance if the insured's death was accidental. In addition, half the amount of life insurance will be paid in case of the loss of one eye or one limb and the entire amount in case of the loss of both eyes or two limbs. The single 50 cents per month premium insures the employe's spouse and all children between one and 19 years of age for $1,000 each. Children between the ages of 14 days and one year receive $200 insurance. Unmarried children between 19 and 23 who are full-time students may be continued on this policy as long as they are dependent on the employe for support. The new Duke life insurance program is being underwritten by Northwestern National Life Insurance Company of Minneapolis, Minn. The old policy, provided by the Aetna Life Insurance Company of Hartford, Conn., will end July 1. Any employe who has had the Aetna policy in the past must reapply for the new insurance plan. Your insurance will not automatically 6e switched to the new program. For more information, contact the Medical Center Personnel Office, Room 1160 Hospital, or call extension 3424.

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