Whole Life

Benefits
Process Outline

 

The College offers Interest Sensitive Whole Life Insurance coverage through Unum.  This benefit provides a guaranteed level face amount and premiums with a guaranteed cash value.  Cash value earns tax deferred interest. The policy is individually owned so employees may keep it after leaving employment with the college.

Eligibility

If you are a full-time employee, you may obtain coverage for yourself, spouse, children and grandchildren.  Enrollment in this benefit is only available during an open enrollment period.

Expense

Premiums for Interest Sensitive Whole Life Insurance are taken through payroll deduction.  The entire premium is paid by the employee.