The College covers each eligible employee with $60,000 basic term life insurance. For eligible employees age 65, but less than 70, the basic term life coverage will be reduced to $39,000. For eligible employees age 70 or above, basic term life coverage will be reduced to $30,000.
Voluntary supplemental life insurance can be purchased for eligible employees in $10,000 increments up to $500,000, not to exceed 5 x basic annual earnings. You may elect an amount up to $130,000 without Evidence of Insurability at time of hire. If you select to increase your supplemental life insurance after your date of hire, an Evidence of Insurability ( medical exam) is required.
You may purchase Supplemental Life coverage for Your Spouse in $10,000 increments to a maximum of $50,000, not to exceed 100% of supplemental employee coverage. You may elect an amount up to $30,000 without Evidence of Insurability at time of hire.
You may purchase Dependent Child(ren) Supplemental Life up to $10,000 for any child(ren) between the age of 6 months and 19 years ( 26 years if a full-time student). Coverage for a child(ren) under the age of 6 months can be obtained at a maximum of $1,000.
You will fund this coverage via payroll deduction on a post-tax basis. Any benefit paid to a beneficiary is not subject to taxation.
Accidental Death and Dismemberment
The College covers each eligible employee with $60,000 accidental death and dismemberment insurance under a double indemnity feature included in the basic term life insurance described above.
A voluntary supplemental plan permits eligible employees to purchase additional accidental death and dismemberment insurance in principal amounts following the same schedule as outlined for the Supplemental life.
The Hartford Plan Info:
- The Hartford Enrollment Form
- The Hartford Beneficiary Form
- The Hartford Certificate of Insurance- Active Employees
- The Hartford Certificate of Insurance: Post-Retirement Eligible Retirees
- The Hartford Policy
- Evidence of Insurability (EOI)