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Gabor Whole Life Insurance

Group Whole Life Insurance issued by Massachusetts Mutual Life Insurance Company (Mass Mutual) offers permanent protection with premiums that never increase and allows you to help provide for your family even when you can't be there for them. Whole Life Insurance offers you:

  1. Guaranteed Death Benefit Protection - Your certificate’s death benefit is guaranteed so long as premiums are paid.
  2. Guaranteed Level Premiums - Premiums are guaranteed to never increase for the life of the certificate.
  3. Guaranteed Cash Value Accumulation - The certificate’s cash value is guaranteed to increase on a tax-deferred basis and will not be impacted by fluctuations in the market.
  4. Chronic Care Benefit - This benefit is included at no additional cost and can provide protection should the certificate owner become chronically ill.

MassMutual’s group whole life insurance is offered through payroll deduction and can be continued after retirement or termination of employment with no increase in premium or reduction of coverage.

Visit Gabor Financial Solutions for more information.

Eligibility

Whole life insurance is available to all benefit-eligible employees at the University of West Florida working at least 20 hours per week. Coverage is not available to Other Personal Services (OPS) employees. The following coverage amounts and requirements apply.

Employees | Issue Ages: 18-75

  • Guaranteed Issue Coverage can be purchased up to $100,000 during an employee’s first 90-days of employment, or during a special open enrollment period with no medical underwriting or health exam (being actively at work is the only requirement for benefit eligible employees during these periods).
  • Express Issue Coverage can be purchases up to $250,000 with limited medical questions and no health exam. Can be purchased any time so long as it does not exceed the annual max purchase limit ($250,000 annually).

Spouses & Domestic Partners | Issue Ages: 18-60

  • Express Issue Coverage of either $25,000 or $50,000 with limited medical questions and no health exam.
  • Minimum Employee Coverage: the eligible employee must own the same amount of insurance or more.

Dependent Coverage | Issue Ages: 0-26

  • Guaranteed Issue Coverage for $25,000 with no medical underwriting or health exam.
  • Minimum Employee Coverage: the eligible employee must own the same amount of insurance or more.

How to Enroll