Short & Long-Term Disability Benefits
You probably have insurance for your car or home, but what about the source of income that pays for it? You rely on your paycheck for so many things, but what if you were suddenly unable to work due to an accident or illness? How will you put food on the table, pay your mortgage or heat your home? Disability insurance can help replace lost income and make a difficult time a little easier. Nordea Bank Abp, New York Branch allowsfor automatic enrollment upon meeting eligibility for the LTD. However, the ability to unenroll within the first 30 days of your start date and during open enrollment is permitted.
Short-Term Disability
Long-Term Disability
70% of weekly earnings to maximum benefit of $2,000/week
60% of monthly earning to maximum benefit of $20,000/month
Coverage Amount
Maximum Payment Period: Maximum length of time you can receive disability benefits.
Up to age 65, standard ADEA
25 weeks
Accident/Illness Benefits Begin:
8 Days
181 Days
The length of time you must be disabled before benefits begin.
Nordea Bank Abp, New York Branch provides a salary continuation that equals 100% of salary while out on STD
Employees pay 100% for their LTD benefit
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