North American Division of Seventh-day Adventists
Long Term Disability Income insurance can help if your disability lasts longer than your short term disability insurance will cover. It provides you with benefits to replace a part of your paycheck when you can’t work because of a sickness or injury. You may need to meet certain conditions to be eligible for benefits, such as completing a waiting period. Benefits are then paid for the duration of your medical condition to the maximum duration allowed by your employer’s plan or until you reach Social Security Normal Retirement Age.
Your Long Term Disability Income Insurance includes the following benefits:
When appropriate, experts will help you file for SSDI benefits, which can be a very difficult process.
If you pass away while receiving disability benefits, we may pay your eligible survivor a lump-sum benefit.
Voya Cares® is not insurance coverage. It is a service offered through the Voya family of companies.
What is Group Long Term Disability Income Insurance?
Group Long Term Disability Income Insurance provides you with benefits to replace a part of your paycheck when you can’t work because of a sickness or injury. You may need to meet certain conditions to be eligible for benefits, such as completing a waiting period. Generally, Long Term Disability benefits begin once you have exhausted your Short Term Disability benefits, if applicable. Benefits are then paid for the duration of your medical condition to the maximum duration allowed by your employer’s plan or until you reach Social Security Normal Retirement Age.
How can Long Term Disability benefits be used?
When your claim is approved, you will receive monthly benefits to replace part of your income based on your coverage level. You may use this money however you would like. Below are a few examples of how your Long Term Disability benefits could be used, depending on how much coverage you have:
Why should I enroll through my employer?
How much does it cost?
The monthly cost of Long Term Disability Income Insurance varies based on the amount of coverage and sometimes your age. Your monthly premiums could be less than a tank of gas.
Do I need to provide health information?
Generally, if you enroll when first eligible for coverage, you will not have to provide any health information. If you enroll for coverage after the initial offer, you may need to provide us with health information on a form called "Evidence of Insurability." This form includes simple questions about current and past health conditions. We may also request information from treating doctors. If evidence of insurability is required, it must be approved by us before your coverage becomes effective.
This is a summary of benefits only. A complete description of Long Term Disability Income Insurance benefits, limitations, exclusions and termination of coverage will be provided in the certificate of insurance and riders. All coverage is subject to the terms and conditions of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern. To keep coverage in force, premiums are payable up to the date of coverage termination. Long Term Disability Income Insurance is underwritten by ReliaStar Life Insurance Company (Minneapolis, MN), a member of the Voya® family of companies. Policy Form HP08GP or HP13GP (may vary by state).
Keith loves hiking and fishing, and when on a trip, Keith severely injured his hip and leg. The injury made him unable to work for a year. Fortunately, Keith had Long-term Disability Insurance through his employer. After he satisfied the waiting period, it provided benefits to replace 60% of his regular pay while he couldn’t work. As Keith was expected to recover, he was not eligible to receive Social Security Disability Insurance (SSDI). The benefit he received helped pay everyday expenses.
|Total monthly expenses||$4,700|
|Monthly LTD benefit (60% of normal pay of $5,500)||$3,300|
This is shown for illustrative purposes only. Actual results may vary. For a complete description of your available benefits, exclusions and limitations, see your certificate of insurance and any riders.
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