Whole Life

Benefits

 
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 an adjunct faculty member or part-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 direct billed to the employee.  The entire premium is paid by the employee.