The College fully funds a life insurance policy and a long-term disability policy for employees. The life insurance benefit includes accidental death and dismemberment and is equal to twice annual salary up to a maximum of $200,000. Employees are eligible for life insurance coverage on the first day of the month following employment. The long-term disability policy becomes effective following one year of employment and provides approximately 60% of basic monthly earnings following a six-month period of disability. In addition, the long-term disability insurance policy pays 10% of basic monthly earnings to the disabled employee's retirement program for the duration of the disability.
The Hartford is the carrier for Life Insurance, Short Term Disabililty, and Long Term Disability. Employees may also elect supplemental life insurance for themselves, their spouses, and their children during Open Enrollment.
Links to booklets about Randolph-Macon's Coverage through The Hartford:
THE HARTFORD BOOKLET: R-MC LIFE INSURANCE, LONG TERM DISABILITY, AND SUPPLEMENTAL LIFE INSURANCE
THE HARTFORD BOOKLET: R-MC SHORT TERM DISABILITY PLAN
SUPPLEMENTAL LIFE INSURANCE:
Employees may elect supplemental life insurance through The Hartford for themselves, their spouse, and their minor dependents at the time of hire or during Open Enrollment each year. The premiums for this insurance is paid by the employee via payroll deduction. The Hartford is our carrier for the Supplemental Life Insurance.
Below is a link to the booklet that includes information about R-MC's Supplemental Life Insurance Plan through The Hartford:
THE HARTFORD BOOKLET: R-MC LIFE INSURANCE, LONG TERM DISABILITY, AND SUPPLEMENTAL LIFE INSURANCE
BENEFICIARY CHANGE FORM - LIFE INSURANCE:
Employees may elect supplemental life insurance through The Hartford for themselves, their spouse, and their minor dependents at the time of hire or during Open Enrollment each year. The premiums for this insurance is paid by the employee via payroll deduction. is our carrier for the Supplemental Life Insurance.Below is a link to the booklet that includes information about R-MC's Supplemental Life Insurance Plan through The Hartford: