Group Long Term Disability

Please Note: If it is outside of the open enrollment period you must enroll in the insurance within 30 days of associate activation for guaranteed issue of the group insurance policy.

Disability Insurance is one of the most important things that you can do to protect yourself & your family.

DISABILITY STATISTICS:

• 3 in 10 workers entering the workforce today will become disabled for some period before they retire
• More than 90 percent of disabling accidents and illnesses are not work-related, which means they aren’t covered by worker’s compensation insurance
• Most Americans don’t have enough savings to meet short-term emergencies
• Nearly 60 percent of workers have not discussed with their families how they would handle or manage an income-limiting disability

ELIGIBILITY

All BenefitLink Associates and their staff who work 30 or more hours per week can participate.

Benefit level qualification based on 60% of your gross income generated.

PLAN FEATURES:

• Group policy provided through Lincoln Financial Group (A+ RATED)
• Waiting Period – Only 180 days
• Maximum Benefit Periods – Age 65+ extends up to age 69 (see chart below)
• 60% of pre-disability earnings with a 3-class benefit level
• Pre-disability earnings are salary and gross sales commissions.
• Partial disability includes automatic indexing of pre-disability earnings to help offset inflation
• A return-to-work incentive for partially disabled associates is included
• Benefit payment requires participation in a rehabilitation program approved by standard unless a disability prevents participation
• This plan provides a 2-year owner-occupation unless otherwise indicated. Partial disability, zero-day residual and 60% income protection are included
• A 6/24 preexisting condition exclusion applies
• 3-month survivor income benefit
• All Securities, Non-Securities Commissions and Salary Included
• All associates will need to review their current coverage and update their income annually by filling out the update form on the ASP website.
• Prior to choosing an income level you must have the qualifying income to secure the benefit amount. The $2500 monthly benefit you need a minimum of $4100+ monthly; $5000 needs $7933+ monthly; and $10,000 needs a minimum of $16,667 monthly. 

Monthly Premium based on age group and benefit level:

Age                        $2,500 Benefit $5,000 Benefit $10,000 Benefit (Monthly)

<30                        $ 19.20                $ 27.10                $45.35

30 to 34               $ 20.45                $ 30.60                $60.35

35 to 39               $ 23.75                $ 36.25                $93.70

40 to 44               $ 29.20                $ 47.10                $135.35

45 to 49               $ 38.75                $ 66.25                $185.35

50 to 54               $ 51.70                $ 92.10                $233.70

55 to 59               $ 64.60                $117.95               $295.32

60 to 64               $ 67.95                $124.60               $250.35

65 to 69               $ 75.85                $140.40               $198.70

Maximum Benefit Period for sickness, injury or preexisting conditions

Less than Age 60

60          60 months

61          48 months

62          42 months

63          36 months

64          30 months

65          24 months

66          21 months

67          18 months

68          15 months

69           12 months

REVIEW COPY OF THE POLICY HERE