| Life Insurance |  |
College Paid Life Insurance for Full-Time Active Employees:
Insurance Carrier: Standard Insurance Company
Coverage Begins: First of the month following initial date of employment
Benefit Amount:
2 X Annual Salary (with a diminishing benefit after age 70)
2 X Annual Salary (Accidental Death)
Minimum Benefit: $50,000
Maximum Benefit: $600,000
Certain amounts paid for accidental dismemberment as well.
If you elect and pay for dependent medical coverage, the College will pay for $2,000 of life insurance on each of your dependents.
Voluntary Life Insurance for Full-Time Active Employees:
Insurance Carrier: Standard Insurance Company
Coverage Begins: 30 days after date of employment
This is optional coverage and the monthly premium amount is determined by your age. You are eligible to purchase up to $150,000 without being subject to underwriting and also up to half the amount purchased for yourself for your spouse (up to $25,000) with no underwriting and $10,000 per dependent child.