Disability

Disability benefits are there for you if you need them.

Long-Term Disability

Long-term disability (LTD) coverage pays a monthly benefit if you are totally disabled and unable to work for more than 17 weeks. You have five options to purchase long-term disability coverage, as listed below.

View Each of the Disability Plan Options Below

View Chart to Compare Your Options

Option 1

Length of Coverage: 2 years, or until age 65, whichever comes first

Approximate Net Income Replacement: 75%

Monthly Benefit* (Approximate % of Monthly Pay): 60% of first $2,000, 55% of next $2,250, 45% of balance

Indexing: None

Tax Status: Non-taxable, paid by payroll deduction

*Maximum benefit is $15,000 per month

Option 2

Length of Coverage: 5 years, or until age 65, whichever comes first

Approximate Net Income Replacement: 75%

Monthly Benefit* (Approximate % of Monthly Pay): 60% of first $2,000, 55% of next $2,250, 45% of balance

Indexing: None

Tax Status: Non-taxable, paid by payroll deduction

*Maximum benefit is $15,000 per month

Option 3

Length of Coverage: 10 years, or until age 65, whichever comes first

Approximate Net Income Replacement: 75%

Monthly Benefit* (Approximate % of Monthly Pay): 60% of first $2,000, 55% of next $2,250, 45% of balance

Indexing: None

Tax Status: Non-taxable, paid by payroll deduction

*Maximum benefit is $15,000 per month

Option 4

Length of Coverage: Until age 65

Approximate Net Income Replacement: 75%

Monthly Benefit* (Approximate % of Monthly Pay): 60% of first $2,000, 55% of next $2,250, 45% of balance

Indexing: None

Tax Status: Non-taxable, paid by payroll deduction

*Maximum benefit is $15,000 per month

Option 5

Length of Coverage: Until age 65

Approximate Net Income Replacement: 85%

Monthly Benefit* (Approximate % of Monthly Pay): 65% of first $2,600, 60% of next $3,000, 45% of balance

Indexing: CPI** to 3% max

Tax Status: Non-taxable, paid by payroll deduction

*Maximum benefit is $15,000 per month

**CPI=Consumer Price Index

Things to Think About

To determine the amount of income would you need if you became disabled and unable to work you should consider:
- Your monthly expenses
- Other income sources you may have (such as income from your spouse)
- Number and age of any dependents
Your actual net income will depend on your earnings and your tax rates.
You may be asked to provide evidence of good health for certain levels of long-term disability coverage.