Basic Life Insurance/Accidental Death & Dismemberment

Salaried Employees

The College will provide a basic life and AD&D benefit of $50,000 for each policy at no cost to the employee. Accidental Death & Dismemberment (AD&D) doubles the life insurance benefit to your beneficiary if you die by accident (e.g. if you have a $50,000 life insurance policy and die by accident, your beneficiary(s) will received $50,000/Life + $50,000/AD&D for a total of $100,000).

Voluntary Life Insurance –

Salaried employee can purchase additional Life and AD&D Coverage beyond what Albion College provides. The Standard guarantees issued* coverage during your initial enrollment period — which means you can’t be turned down for coverage based on medical history.

• Voluntary Employee Life & AD&D: minimum $10,000 to a maximum of $500,000, in $10,000 increments. *Guarantee issue up to $150,000.
• Optional Spouse Life & AD&D: minimum $5,000 up to $250,000 maximum in $5,000 increments. *Guarantee issue up to $25,000.
• Optional Child Life & AD&D: flat $10,000

If you don’t enroll in the Voluntary Life and AD&D plan during your initial enrollment period, you’ll be required to complete an Evidence of Insurability (EOI) form and be approved by The Standard before you’re able to get coverage in the future. You must be enrolled in voluntary life and/or AD&D life coverage in order for your spouse, and/or eligible dependent children to enroll. Please note: If you elect Voluntary Life for yourself and/or your dependents, Voluntary AD&D is an automatic election based on the voluntary life insurance amount. Coverage ends when employment at Albion College ends.

Union Employees

Please refer to the collective bargaining agreement for details on your life insurance benefit.

Please contact Human Resources (517-629-0205 or hr@albion.edu) to update your beneficiary(s).