Life Insurance


Click here to view the rates for basic, supplemental, and dependent life insurance coverage. Scroll down to read about each program.

Information and Forms

Basic Life Insurance

Upon employment, eligible employees have a basic group term life insurance policy equal to their annual salary with Sun Life Financial. The basic life insurance benefit reduces on a graduated scale beginning at age 70 (see below). Optional supplemental life insurance coverage is available at a subsidized employee cost in amounts of one, two, three or four times your annual salary (see Supplemental Life Insurance section below). The maximum death benefit varies by employee group.

Our life insurance policy includes accidental death and dismemberment benefits. These policies come with portability and conversion options upon termination of employment.

For new employees, if completed forms are received by the HR Service Center within 30 days of the date of hire, coverage begins on the date of hire. Otherwise, coverage begins on the first of the month following receipt of the completed form. Coverage subject to Evidence of Insurability will be effective upon approval by Sun Life Financial. 

Imputed Income - Life Insurance Over $50,000

The value of employer-paid group term life insurance in excess of $50,000 may generate income that must be included in your W-2 earnings. The amount of income is determined using an IRS table. Taxable life premiums are collected once per month, so if you are subject to the tax, you will notice a fluctuation in your net pay. This calculator is a helpful tool to calculate imputed income.

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Supplemental Life Insurance

You can increase your life insurance coverage to one of the following options:

  • the basic plus one time your salary,
  • the basic plus two times your salary,
  • the basic plus three times your salary, or
  • the basic plus four times your salary

To increase to any option, you must complete the Basic and Supplemental Life/AD&D Enrollment/Change Form. In addition, if applying outside of your initial eligibility period (within 30 days of hire), you will be required to complete an Evidence of Insurability Application. The enrollment form must be submitted to the HR Service Center and the Evidence of Insurability Application to Sun Life Financial. Please do not submit health information to the HR Service Center. If your request is approved by Sun Life Financial, the change takes effect immediately. You will receive approval communication from Sun Life Financial.

View life insurance rates.

Age 70 Reductions

Beginning at age 70, basic and supplemental life insurance coverage amounts start to reduce to the following percentages:

  • Age 70 through 75 reduces to 67% of your annual salary 
  • Age 76 through 79 reduces to 45% of your annual salary 
  • Age 80 through 84 reduces to 30% of your annual salary 
  • Age 85 or over reduces to 20% of your annual salary 

Dependent Life Insurance

Eligible employees also have the opportunity to purchase life insurance for a spouse and/or dependent child(ren). Other eligible persons are eligible for spouse coverage. Eligible dependent children include any child claimed on your most recent income tax return, foster children to age 19 (or 25 if a full-time student) and disabled dependents over age 25. 

You may not elect dependent life insurance coverage if your dependent is covered as an employee under the policy. Any person who is in full-time military service is not eligible to be a dependent. No person/child can be insured as a dependent of more than one employee under the policy. 

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Emergency Travel Assistance and Identity Theft Protection 

Read more about Emergency Travel Assistance and Identity Theft Protection benefits you can use today.

Online Will Preparation

Create your own will online for free by using your legal and financial benefit from Sun Life Financial. The Online Will program enables you to select from several will formats and choose the one that applies to your personal situation and needs. Wills are state-specific. Online Will preparation is available at (Must insert promo code located in the brochure).