Long Term Disability
University Paid
Offered through New York Life, Long Term Disability income insurance provides income to you in the event you are unable to work due to accident, injury, or illness. Long-term disability pays a portion of your salary if you’re unable to work due to a covered disability.
IMPORTANT NOTE: This page is not an insurance policy and only provides brief descriptions and highlights of plan features. Please email your benefits department for or a complete description of who is eligible for this coverage and of the plan's certificate of coverage. The policy information includes important definitions of disability, coordination with other sources of income, spouse and domestic partner definitions, pre-existing conditions, exclusions and other important detail.
Available Coverage
Gross Monthly Benefit - 60% of your monthly covered earnings
Maximum Gross Monthly Benefit - $9,000
Benefit Waiting Period - 90-days
Maximum Benefit Period - How Long Benefits Last - Once you qualify for benefits under this plan, you continue to receive them until the end of the benefit or until you no longer qualify for benefits, whichever occurs first. Should you remain Disabled, your benefits continue according to the later of your Social Security Normal Retirement Age, or the following schedule, depending on your age at the time you become Disabled.
Important Definitions and Policy Provisions:
Disability - “Disability” or “Disabled” means if solely because of a covered injury or sickness, you are unable to perform the material duties of your regular occupation and you are unable to earn 80% or more of your covered earnings from working in your regular occupation. We will require proof of earnings and continued disability.
Covered Earnings - “Covered Earnings” means your wages or salary, not including overtime pay, bonuses, commissions, and other extra compensation.
When Benefits Begin - You must be continuously Disabled for 90 Days before benefits will be paid for a covered Disability.
How Long Benefits Last - Once you qualify for benefits under this plan, you continue to receive them until the end of the benefit or until you no longer qualify for benefits, whichever occurs first. Should you remain Disabled, your benefits continue according to the later of your Social Security Normal Retirement Age, or the following schedule, depending on your age at the time you become Disabled.