News from Grand Valley State University

GVSU changes life insurance provider

Effective January 1, 2005 Mutual of Omaha became Grand Valley's new life insurance provider for both base and supplemental life insurance programs. Mutual of Omaha will be assuming the responsibility for all participants currently enrolled with Sun Life of Canada. Those enrolled in the supplemental life program will receive new certificates from Mutual of Omaha.

Current applications that are in the process of approval will continue to be managed by Sun Life and then transferred over to Mutual of Omaha upon approval. While life insurance benefits have not changed at all, Grand Valley received a three year rate guarantee at a lower rate than our current rate with Sun Life. New plan document booklets will be distributed to all eligible faculty and staff members.

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