Life Insurance

All full-time employees are eligible to enroll in the Iona University Group Life Insurance plan the first of the month after their date of hire.

An employee is covered for twice (2x) his/her annual salary rounded up to the nearest thousand. This benefit includes Accidental Death and Dismemberment insurance. The College pays for 75% of the monthly insurance cost and the employee pays 25% of the cost.

Prudential Group Life Insurance
The University reserves the right to change the employee contribution, to modify or amend the plan design and to terminate the group plan.

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. Each Age and the Limited Percent for that Age are shown below.

Supplemental Life Insurance

Full-time employees are also eligible to apply for Supplemental Life Insurance through Iona University. Please note, supplemental insurance may be purchased in increments of $10,000 up to five (5) times your annual earnings or $500,000. Evidence of insurability may be required.

Amount Limit Due to Age 
When you are age 75 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. Each Age and the Limited Percent for that Age are shown below.

The Limited Percent for an Age takes effect on the day you become insured if you are then that Age. Otherwise, each Limited Percent for an Age takes effect on the first January 1 that occurs while you are that Age.

For questions, please contact the Office for Human Resources at (914) 633-2496.