Voluntary Short-term Disability Premium Here’s how little you pay with group rates.
Use the employee voluntary short-term disability premium rate table provided to below to calculate your cost and benefit. The following example calculates the monthly cost for an employee with annual earnings of $35,400. Note: The maximum weekly covered earnings are equal to the maximum weekly benefit divided by the benefit percentage.
Calculation Example
Example
You
Age Range
Premium Rate
Enter the monthly rate per $10 of weekly benefit.
Step 1
$0.260
0 - 24
0.260 0.260 0.260 0.240 0.280 0.310 0.370 0.510 0.610 0.670 0.670
Enter your weekly earnings. Divide your annual earnings by 52. If your weekly earnings are greater than the maximum weekly covered earnings of $1,500, indicate max weekly covered earnings amount. Otherwise, indicate the amount from Step 2. Calculate your weekly benefit. Multiply Step 3 by 0.60. Enter your weekly benefit in increments of $10. To calculate, divide the amount in Step 4 by 10. Calculate your monthly cost. Multiply Step 1 by Step 5.
25 - 29 30 - 34 35 - 39 40 - 44 45 - 49 50 - 54 55 - 59 60 - 64 65 - 69
Step 2
$681
Step 3
$681
Step 4
$408
Step 5
40.8
70 +
Step 6
$10.61
This worksheet allows you to approximate your monthly contributions for voluntary short-term disability insurance coverage. Cost of insurance may change in the future due to age and/or coverage amount elected.
Lincoln Financial Group Please see prior page for product information.
Voluntary Short-term Disability Insurance Premium Calculation
STD-ENRO-BRC001
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