Life, Accident , Long Term Disability & Business Travel Accident Insurance

Eligibility: Regular full-time employees and regular part-time employees who are scheduled to work 750 or more hours per fiscal year are eligible for Basic Life Insurance, paid for by RIT.

* If you do not wish to become insured for an amount that exceeds $50,000, you may limit your coverage to $50,000 provided you do so in writing on a form satisfactory to Prudential. If you later decide to increase you Amount of Insurance to 2 times your annual Earnings as described above, you must give evidence of insurability. The amount of your insurance will be increased when Prudential approved the evidence of insurability.

When Coverage Begins - Basic Life Insurance begins on the first of the month after your date of hire or date you became eligible to be covered by the plan. Employees do not need to take action to be covered by the Basic Life Insurance program.

Amount Limit Due to Age - When you are age 70 or more, your amount of insurance is limited. It is the Limited Percent (for that Age) of the amount for which you would then be insured if there were no limitation as outlined below:

The Limited Percent for an age take effect on the first January 1 that occurs while an employee is that age.

Optional Employee Term Life Insurance 

The maximum amount of coverage amount is $750,000 - coverage elections are: 

• 1x's your annual earnings*
• 2x's your annual earnings*
• 3x's your annual earnings*
• 4x's your annual earnings*
• 5x's your annual earnings*

*If this amount is not a multiple of $1,000, it will be rounded to the next higher multiple of $1,000.

At New Hire or Newly Eligible

Employees can enroll in Supplemental Life Insurance up to 3 times their annual earnings without an Evidence of Insurability (EOI). 

During Open Enrollment only 

Employees can increase from 1 to 2 times or 2 to 3 times without EOI.  Any other enrollments or increases would need EOI.

Amount Limit Due to Age 

When you are age 70 or more, your amount of insurance is limited. It is the Limited Percent (for that Age) of the amount for which you would then be insured if there were no limitation as outlined below:

The Limited Percent for an age take effect on the first January 1 that occurs while an employee is that age.

Optional Dependent Term Life Insurance coverage options for your Spouse or Domestic Partner:

Maximum amount of coverage for Spouse/Domestic Partner coverage is not to exceed your employee coverage.

• $25,000 (No Evidence of Insurability (EoI) required if elected at hire; electing at a later date requires EoI.)
• 1x's your annual earnings* - election requires approved EoI
• 2x's your annual earnings* - election requires approved EoI
• 3x's your annual earnings* - election requires approved EoI
• 4x's your annual earnings* - election requires approved EoI
• 5x's your annual earnings* - election requires approved EoI

*If this amount is not a multiple of $1,000, it will be rounded to the next higher multiple of $1,000. 

At New Hire or Newly Eligible

Employees can enroll in Spouse Life Insurance at the amount of $25,000 without an (EOI).  Any future elections of coverage or increases in coverage would need EOI.

Amount Limit Due to Age 

When the employee is age 70 or more, the amount of your spouse life insurance is limited. It is the Limited Percent (for that Age) of the amount for which your spouse would have been insured if there were no limitation as outlined below:

The Limited Percent for an age take effect on the first January 1 that occurs while an employee is that age.

Exceptions to coverage

If your spouse is an RIT employee eligible for employee life insurance, you cannot elect spouse life insurance coverage for them.

Your spouse or Domestic Partner is not your Qualified Dependent while:

1. on active duty in the armed forces of any country; and
2. if insured as an employee under the RIT Life Insurance plan; or
3. the spouse, Domestic Partner or child has protection under any Employee Term Life Coverage of the Group Contract after the spouse's, Domestic Partner's or child's insurance under that Coverage ends.

Optional Dependent Term Life Insurance coverage options for your child(ren):

• $10,000
• $20,000

One election covers all eligible children.

Exceptions to coverage:

Your child is not your Qualified Dependent while:

1. on active duty in the armed forces of any country; and
2. if insured as an employee under the RIT Life Insurance plan act; or
3. the child has protection under any Employee Term Life Coverage of the Group Contract after the spouse's, Domestic Partner's or child's insurance under that Coverage ends.

Eligibility: Regular full-time employees and regular part-time employees who are scheduled to work 750 or more hours per fiscal year are eligible for Basic AD&D Insurance, paid for by RIT.

When Coverage Begins - Basic Life Insurance begins on the first of the month after your date of hire or date you became eligible to be covered by the plan. Employees do not need to take action to be covered by the Basic Life Insurance program.

Amount Limit Due to Age - When you are age 70 or more, your amount of insurance is limited. It is the Limited Percent (for that Age) of the amount for which you would then be insured if there were no limitation as outlined below:

The Limited Percent for an age take effect on the first January 1 that occurs while an employee is that age.

Optional Employee AD&D Insurance: You may enroll for one of the options below. The maximum amount of coverage amount is $750,000.

• 1x's your annual earnings*
• 2x's your annual earnings*
• 3x's your annual earnings*
• 4x's your annual earnings*
• 5x's your annual earnings*

*If this amount is not a multiple of $1,000, it will be rounded to the next higher multiple of $1,000.

Amount Limit Due to Age - When you are age 70 or more, your amount of insurance is limited. It is the Limited Percent (for that Age) of the amount for which you would then be insured if there were no limitation as outlined below:

The Limited Percent for an age take effect on the first January 1 that occurs while an employee is that age.

Optional Dependent Term Life Insurance coverage options for your Spouse or Domestic Partner:

• $25,000
• 1x's your annual earnings*
• 2x's your annual earnings*
• 3x's your annual earnings*
• 4x's your annual earnings*
• 5x's your annual earnings*

*If this amount is not a multiple of $1,000, it will be rounded to the next higher multiple of $1,000.

Maximum amount of coverage for Spouse/Domestic Partner coverage is not to exceed the employee's coverage (basic plus supplemental.)

Amount Limit Due to Age - When the employee is age 70 or more, the amount of your spouse life insurance is limited. It is the Limited Percent (for that Age) of the amount for which your spouse would have been insured if there were no limitation as outlined below:

The Limited Percent for an age take effect on the first January 1 that occurs while an employee is that age.

Optional Dependent AD&D Insurance coverage options for your child(ren):

• $10,000
• $20,000

One election covers all eligible children.

Exceptions to coverage:

If your spouse works for RIT and is eligible for AD&D insurance, only one of you can cover your child(ren.)

Your child is not your Qualified Dependent while:

1. on active duty in the armed forces of any country; and
2. if insured as an employee under the RIT Life Insurance plan act; or
3. the child has protection under any Employee Term Life Coverage of the Group Contract after the spouse's, Domestic Partner's or child's insurance under that Coverage ends.

Prudential provides RIT employee with Life and AD&D insurance benefits. As part of these benefits, Prudential must have a current beneficiary record for all participants so benefits can be paid according to your wishes.

To identify or update your beneficiaries: 

• Access the Beneficiary Designation website
• Select “Register Here”
• In the Control Number field, enter 50757
• Complete the required information on the following screens and create a personal User ID and personal password

NOTE: Be sure to SUBMIT your beneficiary designations at the conclusion of your transaction. You will receive confirmation via e-mail.

Regular full-time employees are eligible for Basic Long Term Disability and Supplemental (LTD) coverage.

Coverage begins the first of the month after date of hire. If date of hire is the first of the month, coverage will begin on date of hire.

Long term disability provides financial protection for you by paying a portion of your income while you have a long period of disability. The amount you receive is based on the amount you earned before your disability began. In some cases, you can receive disability payments even if you work while you are disabled. Benefits start after the elimination period, which is 180 days.

Cost - no employee cost, fully paid for by RIT

Coverage amount - If approved for LTD benefits, the plan provides a monthly benefit of 60% of base pay as of January 1st immediately preceding the date disability begins, with a maximum monthly benefit of $7,000, less other income benefits.

Eligible employees may elect to participate in the Supplemental LTD plan to enhance their benefits under the Basic Long Term Disability plan.

If elected (and approved, if necessary), premium contributions are paid with after-tax dollars and is based your annual salary.

If approved for LTD benefits, the plan provides an additional 10% of base pay as of January 1st immediately preceding the date disability begins, for a total combined Basic and Supplemental benefit of 70%, less other income benefits. The combined Basic and Supplemental maximum benefit is $10,000 per month.

Benefits start after the elimination period of 180 days is met.

If you are receiving payments for your disability under the plan and have been continuously disabled for at least 180 days, you may be eligible to receive a supplemental payment equal to 12% of your monthly pre-disability earnings to a maximum of $1,000 paid to the trustee or administrator of your pension plan* if you were hired prior to January 1, 2006 or 14% of your monthly pre-disability earnings paid to the trustee or administrator of your pension plan if you were hired on or after to January 1, 2006. If you are working while you are disabled, your supplemental payments will be multiplied by your percentage of lost income as determined above to calculate the amount.

*Pension plan means a plan which provides retirement benefits.

Maximum Period of Benefits

*No contributions are required for your coverage while you are receiving payments under this plan.

Class 1

• All Officers of the Policyholder who are on US payroll.
• 24 Hour Business and Pleasure Hazard: The policy provides you with 24 hour accident coverage.

Class 2*

• All salaried Deans and/or Acting Deans of the Policyholder who are on US payroll.

Class 3*

• All other Employees of the Policyholder on US payroll.

Class 4*

• All Faculty Members on US payroll who are on sabbatical leave at the approval of the Policyholder who are not included in any other class.

Class 5

• All Trustees of the Policyholder.

• Trustees Business Travel Hazard: The policy provides you with accident coverage while you are:

  1. Traveling to, at or returning from trustee meetings of ROCHESTER INSTITUTE OF TECHNOLOGY at the authorization, direction and expense of ROCHESTER INSTITUTE OF TECHNOLOGY; or
  2. on ROCHESTER INSTITUTE OF TECHNOLOGY business away from your regular place of employment, at the authorization, direction and expense of ROCHESTER INSTITUTE OF TECHNOLOGY

*For Classes 2 through 4, the following applies:

• 24 Hour Business Travel Hazard: The policy provides you with accident coverage while you are traveling on ROCHESTER INSTITUTE OF TECHNOLOGY business away from your regular place of employment, at the authorization, direction and expense of ROCHESTER INSTITUTE OF TECHNOLOGY and; for periods of 365 days or less.
• Business travel includes travel or activities that are unrelated to business and which take place away from your residence or regular place of employment. Such travel or activities must coincide with your business travel and is limited to any consecutive 7 day period immediately prior to, during or immediately following such business travel.

The following are Principal Sums for each Class:

This benefit will pay the applicable benefit amount shown if an accident results in a covered loss not otherwise excluded. The accident must result from an insured hazard and occur while you are insured under the policy, while it is in force. The covered loss must occur within one (1) year after the accident.