Basic Life*
RISD provides staff budgeted to work at least 17.5 hours per week and 910 hours per year Basic Term Life Insurance through The Standard.
Current Coverage: The plan provides for 100% of annual base salary up to a maximum coverage amount of $300,000 (or as indicated by union contract) with a minimum of $50,000.
Start Date: First of the month coinciding with or following the date of hire.
End Date: Coverage ends on the last day of active employment. Participants can convert their group coverage to an individual policy, at their own expense, within 31 days from the end date.
Cost: RISD pays for the full cost of this benefit.
While RISD cannot give tax advice, please note the basic life benefit coverage may impact your W-2 imputed income. We encourage you to consult your tax accountant for additional information.
Accidental Death and Dismemberment*
RISD provides staff budgeted to work at least 17.5 hours per week and 910 hours per year Accidental Death and Dismemberment Insurance through The Standard.
Current Coverage: The plan provides benefits up to 200% of annual base salary not to exceed $300,000. Benefits in the event of bodily injury or death due to accidental means (other than natural causes).
Start Date: First of the month coinciding with or following the date of hire.
End Date: Coverage ends on the last day of active employment.
Cost: RISD pays for the full cost of this benefit.
Employee Optional Life*
RISD offers staff budgeted to work at least 17.5 hours per week and 910 hours per year Optional Life Insurance through The Standard.
Coverage: The plan provides amounts in multiples of 1x, 2x, 3x, 4x or 5x your annual base salary, not to exceed $750,000.00. Coverage may be subject to underwriting approval if late entrant and/or if initial request is more than 3x annual base salary or $300,000.
Start Date: First of the month coinciding with or following the date of hire.
End Date: Coverage ends on the last day of active employment. Participants have the option to convert their group coverage to an individual policy, at their own expense, within 31 days from the end date.
Cost: Review employee cost for the optional life plans
Spouse Life*
RISD offers staff budgeted to work at least 17.5 hours per week and 910 hours per year Spouse Life Insurance through The Standard.
Coverage: The plan provides coverage of $25,000.00, contingent upon the employee having Employee Optional Life coverage.
Start Date: First of the month coinciding with or following the date of hire.
End Date: Coverage ends on the last day of active employment. Participants have the option to convert their group coverage to an individual policy, at their own expense, within 31 days from the end date.
Cost: Review the employee cost for the dependent life plan
Child Life
RISD offers staff budgeted to work at least 17.5 hours per week and 910 hours per year Child Life Insurance through The Standard.
Coverage: The plan provides coverage of $5,000.00 per dependent, contingent upon the employee having Employee Optional Life coverage.
Start Date: First of the month coinciding with or following the date of hire.
End Date: Coverage ends on the last day of active employment. Participants can convert their group coverage to an individual policy, at their own expense, within 31 days of the end date.
Cost: Review the employee cost for the dependent life plan
*These benefits are subject to age reduction as per plan document(s).