Spouse: Employees who purchase voluntary life insurance for themselves may also purchase voluntary life insurance for their spouse. Employees may purchase coverage for their spouse up to 100% of the amount purchased by the employee, in increments of $10,000, up to a maximum of $200,000. The premium cost of the spouse’s coverage is determined based on the employee’s age.
Employees may elect coverage for a spouse up to $50,000 without a medical history/evidence of insurability during the period of initial eligibility. If dependent term life insurance for a spouse is elected or increased more than 31 days after initial eligibility, any additional amounts will require the spouse to complete a medical history/evidence of insurability form. The carrier reserves the right to accept or deny additional coverage based on the medical history. Please Note: If an employee and a spouse are both employed at the College, neither the employee nor the spouse may be covered as a dependent under dependent term life insurance.
Child(ren): Employees who purchase voluntary life insurance for themselves may also purchase voluntary life insurance for their child(ren). The amount of coverage for children is $10,000 from birth to 26 years of age. The cost of coverage for children is a total $2.50 per month, which covers all children of that employee. Please Note: When both spouses are employed at the College, only one may purchase dependent life insurance for their child(ren).
Once employees elect coverage, they are required to keep the coverage for the entire plan year, unless they experience a qualifying event* or certain types of status changes. Changes to benefits must be made within 30 calendar days of any qualifying event or certain types of status changes, with few exceptions (e.g., retirement plan and Health Savings Account elections). For more information about qualifying events and status changes, please contact Human Resources or click here.