Life and Long-Term Disability Insurance
The College contracts with The Standard to provide eligible employees with the following benefits:
The College provides Basic Group Term and Accidental Death and Dismemberment Insurance. View the benefit summary.
- Eligible employees are covered for two (2) times their base salary (rounded up to the highest $1,000), up to $700,000.
- Waiting periods vary based on employment classification. The College pays the full premium cost.
- Eligible employees must complete a Life Insurance Beneficiary Form. Employees may change beneficiaries at any time.
- Coverage ends 31 days after an employee’s termination date or change to an ineligible status. Covered employees who lose coverage are eligible for the conversion option.
Employees eligible for Life Insurance coverage are also eligible for a Travel Assistance Benefit through The Standard.
Following six months of disability, eligible staff and faculty receive a monthly income of 60% of their base salary, up to the insurance certificate maximum. The duration of the coverage is based on the age at disability. In addition, the retirement contribution is continued for those employees enrolled in the Matching Retirement Plan. View the benefit summary.
There is a six-month waiting period (from date of eligibility) for this benefit and the College pays the full premium cost.