Term Life Insurance

Employees working at least 20 hours per week are eligible to participate in the Town's group life insurance program offered through Boston Mutual. Employees may enroll in a term group life insurance plan for basic life and accidental death and dismemberment coverage in the amount of $2,000.00.  Effective 8/1/21, the total premium will be $1.70 per month, of which the Town contributes half or $.85 per month.  

In addition, optional group insurance is available, the entire cost of which is paid by the employee.  The rates for this insurance are as follows per $1,000 of coverage per month:

  • Under 45 years of age: $ .35
  • 45 to 55 years of age: $ .75
  • Over 55 years of age: $1.45

Employees may purchase optional group insurance in an amount not to exceed $2,000 less than their annual compensation rounded up to the nearest thousandth.

Police and fire personnel may buy occupational accidental death and dismemberment insurance along with the life insurance listed above. The cost is $.10 per $1,000 of coverage per month, of which the Town pays half, or $.05 per $1,000 of coverage per month.  A schedule of the maximum amounts of occupational accidental death and dismemberment insurance is available in the Human Resources office.

Upon election life insurance premiums may be exempt from federal and state taxes.