• Boston Mutual
    Term & Whole Life Insurance Plans

    The Town of Sutton offers two Boston Mutual term life insurance plans:  Basic Term Life and Voluntary Optional Term Life.  These benefits can be elected only at the start of employment or the Town's Open Enrollment held each year in May with an effective date of July 1st.  Life insurance plans are a post-taxed benefit.

     Basic Life and AD&D Insurance

    • $2,000 term life insurance and $2,000 AD&D insurance policy
    • Employees pays 100 % of monthly premiums
    • Effective date of coverage is the 1stof the month following a 30-day waiting period from your date of hire

     Voluntary Optional Life and AD&D Insurance

    • You must enroll in the Basic Life & AD&D Insurance to elect this benefit
    • You may purchase coverage from $5,000 - $30,000 in increments of $5,000 – all guarantee issued
    • Employee must purchase Voluntary coverage for him/herself to purchase the dependent coverage
    • Employee pays 100% of the monthly premium
    • Upon retirement benefit reduces to $5,000.  All benefits (including dependent coverage) for all active and retired employees shall terminate at age 75
    • Effective date of coverage is the 1stof the month following a 30-day waiting period from date of hire


    Term Life Insurance Rates - Effective July 1, 2016

    Plan

    Amount

    Monthly Rate

    10 Paychecks
    All School
    Employees

     

    Basic Life

    2,000

    1.38

     .83 / Month

     
         

    Bi-Weekly

    Deduction 26 Pays

    Bi-Weekly

    Deduction 20 Pays

    Optional Life

    5,000

    3.90

    1.80

    2.34

     

    5,000 w/dependent(s)

    8.24

    3.80

    4.94

     

    10,000

    7.80

    3.60

    4.68

     

    10,000 w/dependent(s)

    12.14

    5.60

    7.28

     

    15,000

    11.70

    5.40

    7.02

     

    15,000 w/dependent(s)

    16.04

    7.40

    9.62

     

    20,000

    15.60

    7.20

    9.36

     

    20,000 w/dependent(s)

    19.94

    9.20

    11.96

     

    30,000

    23.40

    10.80

    14.04

     

    30,000 w/dependent(s)

    27.74

    12.80

    16.64

    The Town of Sutton also offers a portable whole life insurance plan.  This benefit can only be elected at the Town’s Annual Enrollment held each year.

    Employee Life Option Insurance (ELO) (Boston Mutual)

    • Portable Whole Life Insurance at group rates
    • Employee can purchase insurance for him/herself and/or spouse, child(ren), and grandchild(ren)
    • Guaranteed coverage for new employees
    • Employee pays 100% of monthly premium
    • At the Annual Enrollment a Boston Mutual representative will have additional information on this plan and rates