Guard and Reserve over age 21 (or 23 if a full-time student): â¢ A child who is over age 21 (or 23 if a full-time student) and a member of the uniformed services. is not eligible to enroll in TYA under their parentâs sponsorship. If eligible for TRS, the child.
Enrollment/Eligibility Processing. Benefit Concepts simplifies the benefit enrollment process through easy-to-use web based technology supported by our multilingual, in-house call center. Eligibility management assures that your employees enroll and enjoy the benefits they deserve.
Cash-value insurance has higher premiums than term insurance because part of the premium pays for the death benefit coverage and part of it goes toward the policy's cash value. How Cash-Value Life Insurance Works. Cash-value life insurance is designed as a permanent form of life insurance that includes a death benefit component and a savings component. Most cash-value life insurance policies require a fixed level premium payment, a portion of which is applied to insurance costs with the balance deposited into a cash-value account.