Basic Life Insurance

The University provides a $15,000 term life insurance policy at no cost for all full-time benefits eligible employees effective from the first day of the month following the month in which they were employed.

Group Term Life Insurance

Employees may choose to purchase additional amounts of insurance up to a maximum amount of $500,000 in multiples of $10,000 increments. New employees are guaranteed up to $200,000 of coverage without evidence of insurability provided that employees are enrolled within 31 days of employment and have not been hospitalized within the prior 30 days. Also included is an Accidental Death and Dismemberment benefit in conjunction with the term life policy. Premiums for employee optional insurance can be tax sheltered. Upon terminating employment with the University, the Employee may convert this policy to an individual whole life policy.

Spousal Life Insurance

Employees may also purchase Spousal Life Insurance in multiples of $10,000 or an amount equal to one half of the employee option coverage amount but not to exceed $80,000.
Spousal life insurance is guaranteed for $10,000 without evidence of insurability. Premiums for spousal insurance cannot be tax sheltered.

Dependent Child Insurance

Employees may select a $5,000 or $10,000 policy on all dependent children. An Accidental Death and Dismemberment benefit is included in conjunction with the term life policy. The Employee must purchase optional life in order to purchase dependent life.

Click here to see Life Insurance Rates for 2006

Sun Life Assurance Company of Canada
255 East Fifth Street
Suite 2125
Cincinnati, OH 45202
1-800-247-6875