Effective Jan. 1, 2023, Whole Life Insurance coverage, offered by Mass Mutual to Auburn employees and family members, gives employees additional options as they consider their life insurance needs and strategy.
Guarantee Issue (GI) is available to employees up to at least $150,000 (in increments of $25,000).
The benefit would pay a lump sum death benefit, builds guaranteed cash value and is paid for with level premiums that never increase (endows at age 100). Active full-time non-students and their dependents may be eligible to purchase supplemental whole life insurance on a payroll deduction basis. (Active full-time non-student employees are eligible if the most recent appointment period is continuous for a minimum of one year (9 or 12 months as appropriate to the appointment)
To purchase coverage or for additional information, contact Jodi Skaggs with Premier Worksite Solutions at jskaggs@pwsal.com or (205) 588-2604.
