IN THIS SECTION:
Products: Voluntary Group LTD (VLTD)
The VLTD product provides employees with the choice of insurance coverage that best meets their needs. The product offers a variety of plan options, and provides a monthly benefit to eligible employees due to a covered injury or sickness. The employee pays the entire cost of the plan.
Key VLTD Product Features
| Eligible Class Descriptions | Between 20 hours and 40 hours |
| Benefit Percentages | Between 40% and 60% of pre-disability earnings, or flat benefits in $100 increments up to a maximum of $6,000 per month |
| Minimum Payment Amount | $100 or 10% of the gross benefit |
| Maximum Benefit Periods | Up to Social Security Normal Retirement Age (SSNRA) |
| Elimination Periods for Injury or Sickness | Between 30 and 365 days |
| 24-hour Coverage | For covered injuries or sickness on or off the job |
| Definition of Disability | Limited Regular Occupation with reasonable employment option and any occupation; with choice of partial or residual disability |
| Workplace Modification Benefit | A benefit to the employer to facilitate the insured's return to work, if the insured is: (1) receiving an LTD Benefit; and (2) able to return to work for the employer should the employer make a modification to the insured's worksite. The standard maximum benefit is $2,000; filed maximum goes up to $25,000 |
| Personal Care Assistance Benefit | Provides a monthly benefit to the insured after the end of the maximum benefit period, for a maximum of 60 months, if the insured has a loss of two (2) or more activities of daily living (ADLs), is cognitively impaired, or is terminally ill, and cannot perform any occupation. Monthly benefit is last net monthly benefit, not to exceed $3,000 per month (Optional for plans with benefit durations less than five years) |
| Vocational Rehabilitation Plan | Helping the insured make a successful reentry into the work force by including incentives and services designed to assist disabled insureds to participate in rehabilitation programs |
| Social Security Assistance | Advice and support is available to the insured regarding filing a claim for Social Security disability benefits or appealing a denial of the insured's claim for Social Security disability benefits |
| Survivor Benefit | 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 |
| Exclusions and Limitations | Included; A pre-existing condition exclusion is also included |
| Return to Work Incentive | Between 12 and 24 months |
Support Services
Our Voluntary Long-Term Disability plans are packaged with Conversion - Partial Income Protection During the Transition.