Life and Disability Insurance

Term Life Insurance / Accidental Death & Dismemberment

- Boston Mutual
 
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 - Boston Mutual

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.
 

Premium information

 
 
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 during open enrollment by completing the Boston Mutual enrollment form and evidence of insurability form.  Coverage is not automatic and is subject to approval by Boston Mutual.
 
The Town also offers the follwoing benefits: Permanent Life, Short Term Disability and Long Term Disability.  For additional information on these benefits click here.