IN THIS SECTION:
Products: International LTD Plan
Offer a variety of plan options, and provide a monthly benefit to eligible employees due to a covered injury or sickness. The employer may fully sponsor the plan, pay a portion of the cost, or the employee may pay the entire cost of the plan.
Key LTD Product Features
| Eligible Class Descriptions | Between 20 hours and 40 hours |
| Base and Buy-Up | Options available |
| Benefit Percentages | 40% to 66 2/3% of pre-disability earnings |
| Maximum Paymeny Amount | Up to $15,000 per month |
| Minimum Payment Amount | $100 |
| Maximum Benefit Periods | to age 65, to age 70 |
| Elimination Periods for Injury or Sickness | Between 60 and 180 days |
| 24-hour Coverage | For covered injuries or sickness on or off the job |
| Definition of Disability | 24 months, 36 months and extended own occupation and any occupation; with partial, progressive partial and residual disability features (Edge and Edge 1) |
| Recurrent Disability | Available |
| Maternity | Available |
| Survivor Benefit (three month) | Provides a lump sum payment that will provide benefits to the insured's eligible survivors in the event the insured dies while receiving disability payments |
Optional Benefits – available for an additional cost
| Survivor Income Benefits | Provides a monthly survivor benefit for up to two years, and provides benefits to the insured's eligible survivors in the event the insured dies while receiving disability payments |
| 401 (k) Contribution Benefit | Allows employees to continue saving money in their 401(k) accounts if they are not working due to a disability |
| Spousal Disability | Provides benefits for a spouse who is insured under the policy and the spouse is disabled under the terms of the policy and not able to perform two or more activities of daily living (ADL). The premium for the coverage is paid for by the spouse's employer. Benefits are payable up to $2,000 per month for 24 months |
| Minimum Indemnity for Accidental Dismemberment and Loss of Sight Benefit | The insured will be eligible to receive a minimum number of monthly payments if an accidental injury occurs while insured under the policy. The number of monthly benefits will depend on the type of loss listed in the policy. The loss must occur within 100 days of the injury. This benefit is in addition to any other disability benefit payable under the policy |
| Lifetime Accident | If the insured is disabled from a covered injury |
| Inflation Protector Benefit | Available |
| Cost of Living Adjustment Benefit (COLA) | Provides annual cost of living increases to the insured's monthly payment based on the CPI-W, after benefits have been paid for 12 months |
| Exclusions and Limitations | Available; including a pre-existing condition exclusion |
| Return to Work Incentive | Up to 12 months |