On the first of the month following three consecutive months of employment, faculty members are eligible for College-paid group life insurance coverage. To age 65 the insurance coverage is equal to 1.5 times an employee's annual salary. Upon attainment of age 65, the amount of insurance is equal to 1 time the basic annual salary and 67% at age 70. In all cases, if the amount of insurance is not an even multiple of $1,000, it is raised to the next higher $1,000 multiple.
Read more about Group Life Insurance