NBC chimes (Jan 1953-Dec 1954)

An Important Part of Your NBC Benefit Package: Group Life Insurance Its Importance Is Emphasized Dramatically ^ hen an Employee Dies — But Many NBC Employees Do Not Realize Now What a "Buy" It Is! During this month of March a concerted effort is being made by the Company to enroll all regular NBC employees in NBC's low-cost Group Life Insurance Plan. The Plan was designed to protect the employee and his family and all employees should be made aware of its wonderful features. It is the cheapest insurance available, at a cost of thirty I 30 | cents per month per $1,000 of coverage. It is the kind of protection which should be a necessary part of an employee's program to provide for his dependents in the event of his death or disability Representatives of the Company will contact you on the Plan, and in the event that you want to enroll now. enrollment cards are available in the Personnel department. Here, briefly, are the features of the Group Life Insurance Plan at the National Broadcasting Company: IN GENERAL: The Company offers to all employees a group life insurance program with the Travelers Insurance Company on a very low-cost basis. The purpose of the insurance program is to provide sound life insurance for all regular employees. A Group Life Insurance booklet is given to all employees, and if you do not have one presently, you may obtain one from your personnel office. ELIGIBILITY: A regular employee, on the semi-monthly payroll, is eligible to participate immediately upon employment. No medical examination will be required if an employee enrolls within three months of his emplovment. Employees who make application for insurance after three months from the date of their employment must pass the customary medical examination of the insurance company. COST OF INSURANCE COVERAGE: The cost to emplovees is 30 cents per month per SI. 000 of coverage. This very low cost is possible because the company underwrites the insurance costs and pays the difference between actual costs and the employees' premium payments. Payments are made by payroll deduction. AMOUNT OF COVERAGE: The amount of insurance coverage carried by an employee is determined by his basic annual salary. The plan does not permit an employee to choose an amount of insurance other than that for his salary as shown in the statistical box. PERMANENT AND TOTAL DISABILITY BENEFITS: The Group Life Plan also includes payments for permanent and total disability. If an employee, while insured and before reaching his 60th birthday, becomes wholly disabled by bodilv injuries or disease, and will be permanently continuously and wholly prevented thereby for life from engaging in anv occupation or employment for wage or profit. no further premium will be collected and the amount of his life insurance will be paid to him in a fixed number of installments chosen from the statistical chart as shown in this article. I See box. I DEATH BENEFITS: The amount of the insurance is payable in the event of the employee's death from any cause while his insurance is in force to the person or persons named by the employee as beneficiary, either in one lump sum or in a fixed number of installments as shown in the chart on "Permanent and Total Disabilitv Benefits." LEAVES OF ABSENCE WITH PAY: An employee on authorized leave of absence with pay may continue to participate in the Group Life Plan, and deductions will continue to be made from his pay check. LEAVE OF ABSENCE WITHOUT PAY: An employee on authorized Your Amount of Coverage Depends on Salary Amount of Annual Salary Life Insurance Less than $1,200 S1.500 ■SI. 200 but less than $1.800 $2,500 $1,300 " " " $2.400 $3,500 $2,400 " " " $3.000 $4,000 $3,000 " " " $3.600 $5,000 $3,600 " " " $4.200 $6,000 $4,200 " " " $4.800 S7.000 $4,800 " " " $5.400 $8,000 $5,400 " " " $6.000 $9,000 $6,000 " " " $6.600 $10,000 $6,600 i; " " $7.200 $11,000 $7,200 " " " $7.800 $12,000 $7,800 " " " $8.400 $13,000 $8,400 " " " $9.000 $14,000 $9,000 " " " $9.600 $15,000 $9,600 " " " $10.200 $16,000 $10,200 " " " $10.800 $17,000 $10,800 il " " $11.400 $18,000 $11,400 " " " $12.000 $19,000 $12,000 and over . . . $20,000 8 NBC Chimes