Life Insurance FAQs
What are the highlights of participating in RPB’s life insurance program?
Benefits of the life insurance coverage include:
- Free basic life insurance for participants who have an annual RPB retirement contribution of at least 10% of their salary.
- Eligible participants may remain under RPB life insurance as long as they continue to work for an eligible Reform Movement congregation or employer.
- Eligible participants can purchase optional life insurance coverage equal to two times their salary, up to $300,000, without a Statement of Health form. You can purchase coverage of up to five times your salary, up to $600,000, with a Statement of Health form.
Read our optional life insurance page for more information.
Am I eligible for free basic life insurance as an RPB retirement plan participant?
RPB participants who have a combined annual retirement contribution paid on their behalf of at least 10 percent of salary (including parsonage, if applicable) through their congregations/employers are eligible for free basic life and accidental death and dismemberment (AD&D) insurance coverage from RPB. The 10 percent contribution can originate from either the employer or the participant (via elective salary deferral) to qualify for the free benefit. The benefit is equal to one times annual salary (including parsonage, if applicable) up to $50,000. The AD&D insurance program has a maximum benefit of $30,000.
I am leaving employment within the Reform Movement. Do I have the option to convert my optional group term life insurance coverage to an individual policy?
Yes. Please contact RPB’s office to notify us that you are terminating your employment and wish to convert your life insurance coverage to an individual policy within 31 days of your termination date so that we can work with both you and our life insurance carrier, MetLife, to update our records and facilitate conversion of the life insurance policy for you.
Long Term Disability FAQs
Am I eligible for RPB’s Long Term Disability (LTD) coverage?
How do I enroll in the LTD plan?
Open enrollment for the LTD insurance plan is held every December for the upcoming calendar year. We also offer a semi-annual enrollment period in July-August for those who missed the December enrollment period. New employees can enroll within 60 days of their hire date. To enroll in the plan, talk to your employer.
How do I renew my LTD coverage?
Your employer will renew your coverage on your behalf. RPB sends LTD renewal notices to employers in late November to renew employee coverage for the upcoming year.
Let your employer know if you want to change the waiting period.
How do I change my LTD benefit waiting period?
You can change your benefit waiting period during the annual or semi-annual open enrollment period. Speak with your employer directly about making this change to your coverage.
How do I pay my LTD premiums?
Your employer pays your premium on your behalf.
If your employer does not provide LTD coverage as a paid employee benefit and you are responsible for the premium payment, you must pay the premium to your employer either by personal check or through a post-tax payroll deduction. RPB will not accept payments from individuals.
Are long term disability benefits taxable?
Disability benefits will be tax-free as long as the insurance premium is paid with post-tax dollars. Please consult with your employer directly to ensure that your premium is paid with post-tax dollars. If LTD coverage is a paid benefit provided by your employer, the easiest way to ensure your employer pays with post-tax dollars is for your employer to gross up your salary by the same amount of the premium that is being deducted from your paycheck post-tax. This is a common practice.
If LTD coverage is not a paid benefit provided by your employer and you are responsible for the premium payment, you will need to write a check payable to your employer for the premium amount or have your employer deduct the premium amount from your pay check post-tax before they remit payment to RPB. RPB will not accept checks from individuals.
Premium payments with pre-tax dollars will result in benefits being taxed as ordinary income to the recipient.