The Joint Retirement Board for Conservative Judaism offers three very valuable complimentary insurance benefits – disability insurance, pension continuation insurance (in the event of a disability) and life insurance – to all eligible plan participants. These benefits are designed to supplement – not replace – your existing insurance coverage. The Mutual of Omaha Insurance Company underwrites these policies on behalf of the JRB.
Eligibility
You are automatically enrolled in the JRB Complimentary Insurance Program once you contribute at least $1,200 in a calendar year (coverage begins the following year on January 1). You must continue to contribute at least $1,200 each year to continue receiving this insurance coverage. Contributions from your employer as well as your voluntary salary contributions count toward the $1,200. Participants lose coverage if they do not contribute the required amount each year, if they are no longer eligible to participate in the JRB, or if they close their JRB account. Coverage may be limited if you live or work outside the United States or do not meet applicable residency or work-authorization requirements. Contact JRB if this applies to you.
Life Insurance
The JRB Complimentary Insurance Program includes life insurance protection. The policy pays a death benefit of up to $30,000 to the designated beneficiary of your JRB retirement account. The death benefit is reduced to: $19,500 at age 65; $15,000 at age 70; and $3,000 at age 75. Your beneficiary receives an additional payment in the event of accidental death or dismemberment. Please refer to the full list of coverages under the Accidental Death and Dismemberment policy for more details.
Disability Insurance
JRB’s complimentary disability insurance protects you if you become disabled and are unable to work for an extended period of time. (Please refer to the policy for the definition of a disability.) JRB disability insurance provides a monthly benefit equal to 60% of your Basic Monthly Earnings, up to a maximum monthly benefit of $1,000, reduced by Other Income Benefits as defined in the policy. Payments begin after 180 days of disability. For participants who incur a disability at age 61 or younger, benefits are paid until you reach full retirement age for Social Security benefits. For participants who become disabled at age 62 or older, the benefit period varies depending on when the disability occurs.
Pension Continuation Insurance
If you incur a disability, not only do you lose income, you cannot contribute to your JRB Retirement Account. To prevent a disability from undermining your financial future, the JRB’s Complimentary Insurance Program offers protection. Once you qualify for JRB disability insurance, you qualify for Pension Continuation Insurance coverage if you have been a participant in the Plan for at least three months. The Pension Continuation Insurance continues making contributions to your JRB retirement account equal to the lesser of 15% of your monthly salary or $1,250 per month ($15,000 annually). The benefit period is the same as the disability insurance coverage.
The JRB proudly offers this Complimentary Insurance Program to you. While these coverages do not replace your existing insurance policies, the JRB’s disability, pension continuation and life insurance coverage adds valuable protection for you and your family should the unexpected – and unthinkable – happen. To find out more about the Program, please call the JRB office at (888) JRB-FREE (572-3733) or email us.
August 2026