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Are we changing life Insurance carriers to SunLife effective January 01, 2010, and why?

April 26, 2017carriers changing effective Life Insurance sunlife

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Are we changing life Insurance carriers to SunLife effective January 01, 2010, and why?

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Yes. Macalester currently purchases all of our life insurance, AD&D and long-term disability plans through an ACTC consortium. The consortium decided that SunLife offered all schools the overall best value of the RFP respondents, including our current carrier Unum. SunLife promises a 30% annual premium savings for each school while maintaining the same benefit levels. This comes with a 3 year rate guarantee and a future true open enrollment for all eligible employees with guarantee issue provisions.