Life Insurance and Disability 黑料视频
The College partners with The Standard to provide the College's life insurance and disability programs. 聽
Life Insurance
Life insurance provides protection for your family in the event of your death.
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The College pays the premium for your Basic Life insurance coverage and Accidental Death and Dismemberment insurance coverage. 聽The benefit is 100% of your basic annual salary, rounded to the next higher multiple of $1,000, if it is not already a multiple of $1,000. 聽
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Additional Life insurance is an opportunity for you to provide an additional benefit to your beneficiaries. 聽Coverage is elected in $10,000 increments up to a maximum of $700,000 ($500,000 Guaranteed Issue). 聽Elections and increases are subject to Evidence of Insurability.
The premium will vary depending on your benefit choice and age and are paid on an after-tax basis through payroll deduction.
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Dependent Life insurance for your spouse and children is available. 聽Benefit coverage is a flat dollar amount of $10,000 for your spouse, and $5,000 for your dependent child. 聽Elections may be subject to Evidence of Insurability questions.
The premium for this coverage is $2.45/month for your spouse and $.50/month for your child (regardless of how many children you have on the plan). 聽You pay the premiums on an after-tax basis through payroll deduction.
Disability 黑料视频
The College offers both Short Term and Long Term Disability programs.
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Short Term Disability is designed to replace a portion of your income to help meet your financial obligations if you are unable to work for an extended period of time due to a non-work related accident or illness. 聽Short Term Disability pays a weekly benefit of up to 60% of your weekly earnings (to a maximum of $1,000). 聽The waiting period for benefits is 7 days for disability due to physical disease, pregnancy or mental disorder (some pre-existing condition limitation may apply). 聽There is no waiting period for disability due to an accident.
Premium is $.39 per $10.00 of Short Term Disability benefit (). You pay the premiums on an after-tax basis through payroll deduction.
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Long Term Disability is designed to pay a monthly benefit to you in the event you cannot work due to a covered illness or non-work related injury. 聽Long Term Disability pays a monthly benefit of 60% of the first $25,000 of your monthly earnings. 聽Benefits become payable after you have been continuously disabled for 90 calendar days (some pre-existing condition limitations聽may apply). 聽
You and the College share the premium costs of this benefit based on your annual salary. 聽The premium amount will be visible on IvyBenefits when you enroll for your employee benefits. 聽Your portion of the premium聽is聽paid on an after-tax basis through payroll deductions.