Disability Coverage
Your family can count on your income while you are healthy and employed, but it is important to plan for your financial security in the event you become disabled and are unable to work.
- Non-executive or non-office employees may purchase voluntary plans through payroll deductions and pay 50% of the premiums on a post-tax basis.
- Executives, office management, and personnel receive disability coverage at no cost.
| Plan Features | Short Term Disability (STD) | Long Term Disability (LTD) |
|---|---|---|
| Period before benefit begins | 14 days | 180 days |
| Benefit | 60% of your base earnings, up to $1,500 per week | 60% of base earnings, up to $10,000 per month |
| Duration of benefit | 24 weeks | Social security normal retirement age or until you are no longer disabled |
| Plan Features | Short Term Disability (STD) | Long Term Disability (LTD) |
|---|---|---|
| Period before benefit begins | 7 days | 180 days |
| Benefit | 60% of your base earnings, up to $3,000 per week | 60% of base earnings, up to $10,000 per month and subject to taxes |
| Duration of benefit | 25 weeks | Social security normal retirement age or until you are no longer disabled |