The College pays the full premiums for this coverage from 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:
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.