Voluntary Long Term Disability (VLTD) is long term disability insurance, which is available to individuals whose employer has sponsored the plan and has provided for premium payments to be made through payroll deduction. Monthly benefits help replace lost income in the event of the insured’s total disability, including maternity. A group contract is issued to the sponsoring employer.
| Eligibility |
All full-time eligible employees working at least 20 hours per week.
|
|---|
|
| Minimum Size Group |
10 lives or 15%, whichever is greater.
|
|---|
|
| Monthly Benefit Amount | Up to 60% of basic monthly earnings.
Benefit may be selected from $200, in increments of $100 to a maximum of $5000. |
|---|
|
| Choice of Plans | The employer selects one of three plans with either 90 or 180 day elimination period.
Plan 1 Maximum benefit duration of 5 Years Accident & 2 years Sickness.
Plan 2 Maximum benefit duration of 5 Years Accident & Sickness .
Plan 3 To Age 65 benefit duration for Accident and Sickness.
Rates are based on the group's industry. |
|---|
|
| Guaranteed Issue |
Amounts are Guaranteed Issue up to the maximum of $5000/month. No evidence of insurability is required, except for late applicants and increases in coverage.
|
|---|
|
| Definition of Disability |
24 month "own occupation." Thereafter, "any occupation."
|
|---|
|
| Waiver of Premium |
Future premium payments are waived as long as disability benefits are being paid.
|
|---|
|
| Other Benefits |
Progressive partial disability
Three month survivor benefit
$50,000 human organ transplant benefit
|
|---|
|
| Pre-Existing Limitation |
A 12/6/24 pre-existing limitation applies (3/12 in Pennsylvania and 12/12 in Montana and Mississippi).
|
|---|
|
Additional details will be provided upon request.
DISCLAIMER: This is a brief description of the products offered by USAble Life. These descriptions are for informational purposes only. Products and provisions described may not be available in all states. Specific provisions may vary by state. The policy contains a complete description of benefits, provisions, limitations and exclusions. In the event of a conflict between this description and the policy, the policy will prevail.