Policy Documentation
What Is Long-Term Disability Insurance?
Long-term disability insurance helps ensure that employees will still receive a portion of their income when they are absent from work for an extended period due to a covered disability. These absences may be a result of accidents, injuries or illnesses that happened on or off the job.
This is an important coverage for employees because their savings might not be enough if an illness or injury keeps them out of work beyond their paid sick days. Additionally, long-term disability insurance (LTD) can help employees pay the bills when they cannot work due to a covered claim.
Benefits up to 60% of pre-disability monthly earnings or $7,500; whichever is the lesser amount.
Coverage is guaranteed to the employee when first eligible, however, subject to denial if applied for through late enrollment when there are pre-existing health problems.