The Life Insurance and Long Term Disability Benefits for Saint Joseph's College are provided through Lincoln Financial Group.
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
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 $500,000. At time of hire any amounts below $150,000 are guaranteed but amounts above that are subject to satisfactory evidence of insurability.
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.