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Today's Terms
Option A
Definition:
$10,000 in coverage that you can elect in addition to Basic insurance. Also called standard optional insurance.
Basic Insurance
Definition:
The coverage, based on your annual rate of basic pay, which you automatically have as an eligible employee unless you waive it.
Option B
Definition:
Coverage, equal to up to 5 multiples of your annual basic rate of pay, that you can elect in addition to Basic insurance. Also called additional optional insurance.
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