Life & Long Term Disability

The Life Insurance and Long Term Disability Benefits for Saint Joseph's College are provided through Lincoln Financial Group.

GROUP LIFE

The benefit is a $20,000 term life
insurance policy carried in the employee’s name. Coverage is non-contributory
(the total premium is paid for by the College) for full time employees. Regular
part-time administrative staff (working at least 24 hours per week) may elect
this coverage and pay the full group premium. The basic coverage also has an
AD&D rider that may increase the benefit if there is an accidental death or
dismemberment

SUPPLEMENTAL LIFE

Full time and regular
administrative staff may elect supplemental life insurance coverage in $10,000
increments up to seven times their basic annual earnings rounded to the next
higher $10,000, to a maximum of $520,000. At time of hire any amounts below
$150,000 are guaranteed but amounts above that are subject to satisfactory
evidence of insurability.

LONG TERM DISABILITY

The College’s Disability
Insurance Plan covers regular, full-time employees. The College pays the full
cost of this plan. The plan has a 180-day waiting period. It provides 60% of
basic monthly earnings to a maximum benefit of $10,000 per month.