Basic Life Insurance – Update

Over the past few years, more and more groups have discovered the power of numbers in negotiating discounted rates for their employees for insurance coverage.

Since August 1, 2005, Carleton has been a member of the University Life Insurance Plan or “ULIP” which provides basic life insurance to employees of a number of Ontario universities.

An important part of managing this program is the annual renewal of the contract with our insurer. We have completed our analysis and discussions with Sun Life Financial for the 2013/14 benefit year for our Basic Life Insurance. These discussions have provided Carleton with good news regarding rates for this upcoming year.

We will be having a premium holiday on our basic life insurance for 4 months June 1 to October 1, 2013.  As of October 1, 2013 a rate reduction of 5.6% will also be applied.

Information about your group benefits as well as benefit claims forms can be found on the benefits section of the Human Resources website.