LONG TERM DISABILITY
Long-term disability insurance provides for income continuation in the event of a disability by providing you a benefit for injuries and sickness that are not work related. Plan highlights our outlined below.
Class II – Producers
Class III – All Other Employees
Monthly Benefit Minimum Maximum
60% of covered earnings $100 $15,000
60% of covered earnings $100 $10,000
Elimination Period
90 days; 0 day residual
90 days; 0 day residual
Maximum Benefit Duration
SS Normal Retirement Age
SS Normal Retirement Age
Dual Definition of Disability Own Occupation Test Earnings Test
Unlimited partial disability To SS Normal Retirement Age 99% Own Occ to age 65
Unlimited partial disability 36 months; any occupation 99% during Own Occ, then 85% thereafter
Benefit Integration
Full Family Direct
Full Family Direct
The pre-existing condition limitation is 3/12. A pre-existing condition is one which an individual has seen a medical practitioner or taken medication in the 3 months prior to his/her effective date. We will not pay benefits for any pre-existing condition until the earlier of 3 consecutive months ending on or after the effective date of coverage during which the individual has not seen a medical practitioner or taken medication for a condition; AND the individual remains insured under this plan for 12 consecutive months.
Pre-existing Condition
Survivor Benefit
3 months
3 months
Premium Calculation Worksheet
Annual Pay
$ _______________
/ 12
M.E. Wilson Company pays 50% of the premium for all employees who enroll in Long-Term Disability. If you waive health coverage, M.E. Wilson Company pays 100% of your Long-Term Disability premium.
Monthly Pay
$ _______________
/ $100
Covered Payroll
$ _______________
X Price (employee cost)
X .32
Monthly Premium
$ _______________
X 12
Annual Premium
$ _______________
/ 26
Bi-Weekly Rate
$ _______________
12
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