Life Insurance Information

Term Life Insurance / Accidental Death & Dismemberment


The Town of Canton offers its employees and retirees $5,000 of basic life insurance/accidental death and dismemberment coverage.  Open enrollment for $5,000 basic term life insurance is May, effective July 1st, however, may not be offered every year.  Please see yearly open enrollment flyers for additional information.

Optional Term Life Insurance


Employees may purchase optional term life insurance in the amount of up to five times their annual salary or $400,000 whichever is less.  Spousal life insurance can be purchased for up to 50% of your coverage but not more than $50,000.  Life insurance can be purchased for dependent children (ages 1 year to 19 years old  and up to 25 years old, if a full time student) in the amount of $5,000.

For Premium information please view

Monthly premium rates for you and your spouse are based on attained age and change as each moves to a higher age bracket.  The total monthly cost to insure all eligible dependent children for life insurance is $.95 per family.

Medical questions will not be required for coverage at or under the guaranteed issue amounts listed below:

Age
 Employee Coverage
 Spouse Coverage
< 60
$50,000 $10,000
60 - 69
$20,000 $5,000
70 +
$10,000
Not Eligible


If you leave employment with the Town of Canton/Canton Public Schools, term life insurance is portable.  You can make payments directly to Boston Mutual for you, your spouse and dependent children’s life insurance coverage.  Open enrollment for optional term life insurance is May, effective July 1st , however it may not be offered every year.  Please see yearly open enrollment flyers for additional information.

Existing enrollees may apply to increase the amount of their voluntary optional term life insurance at any time throughout the year by completing the Boston Mutual evidence of insurability form.