Employee Benefit Trust

Standard Insurance Long Term Disability (LTD) rates

Plan descriptions

Low risk group rates

Entities with more than 500 employees will be individually underwritten by Standard Insurance.

Notes:

• If employee is out of the office on sick/vacation/donated leave due to a disability, the employer will want to continue paying LTD and life premiums.
• Standard Insurance will review the LTD claim form and documentation to make a disability determination. Both the employee and the employer will receive the approval/denial letter from Standard Insurance.
• If the employee qualifies for “total disability”, then “waiver of premium” will apply once the employee has met their waiting period. At that time, the employer will discontinue paying the LTD premiums. The benefit will remain in force for the disabled employee.
• The maximum benefit amount is $12,000 per month before deductible income is applied. This is 60% of the first $20,000 or 67% of the first $17,910 of the employee's monthly pre-disability earnings. The minimum benefit amount is the greater of $100 or 10% of salary.

For additional information on the LTD process, feel free to contact an AWC Trust staff member.