The Internal Revenue Service has specific tables which are based on age to determine the additional tax to be withheld. Upon resignation, an employee will be offered the opportunity to convert the life insurance policy from a group policy to an individual policy. Coverage is not automatic. You may be required to submit more detailed medical information, and your application will be accepted or rejected based on this information. Spouse or domestic partners must complete Affidavit.
Coverage is portable.
When you leave employment with the college, you can continue your supplemental coverage at group rates and will be billed directly by ReliaStar Life Insurance. A small billing fee is added to cover administrative costs. Your coverage will remain in effect even if the college decides to cancel the policy. Additional information is available in the office of human resources.