The College pays the full premiums for this coverage fromĀ Sun Life Financial. The plan offers life insurance and accidental death and dismemberment under a schedule of benefits based on age and salary. This coverage is for employees only; dependents are not insured under the plan. The benefit amounts are as follows:

Up to age 70: 1.00 times salary (up to a maximum of $50,000)
Age 70 to 74: .65 times salary
Age 75 to 79: .40 times salary
Age 80 and up: .25 times salary
Maximum benefit: $50,000 regardless of age or salary

Participants with a terminal illness may accelerate the payment of their life insurance and receive the death benefit prior to their death.

If your employment with the College or your membership in an eligible class should terminate, you will have a 45-day period during which you may apply for an individual life insurance policy, in accordance with the terms and conditions of the plan.