JRB Complimentary Insurance Program – A Benefit of Membership


The Joint Retirement Board for Conservative Judaism offers complimentary 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 – the other insurance coverage you already have. The Mutual of Omaha Insurance Company underwrites these policies on behalf of the JRB.


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 1st). You must continue to contribute at least $1,200 each year to remain in the program. Contributions from your employer as well as your voluntary salary contributions count towards the $1,200. Participants lose coverage if they do not contribute the requisite amount each year, if they are no longer eligible to participate in the JRB, or if they close their JRB account. Non-U.S. citizens living outside the U.S. are not eligible.

Life Insurance

The JRB Complimentary Insurance Program includes life insurance protection. Beginning January 1, 2024, the policy pays a death benefit of up to $30,000 (up from $10,000 previously) 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 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 benefit equal to 60% of your monthly salary up to a maximum monthly benefit of $1,000 ($12,000 annually). 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 a retirement account, jeopardizing your financial future. The JRB’s Complimentary Insurance Program covers this situation. Once you qualify for JRB disability insurance, you qualify for Pension Continuation Insurance coverage. 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 our plan participants. While these coverages do not replace your existing insurance policies, the JRB’s disability, pension continuation and life insurance coverage add 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.

January 2024