NY LIFE | VOLUNTARY LONG TERM DISABILITY

Long Term Disability (LTD) insurance helps replace a portion of your income for an extended period of time ceasing at Normal Retirement Age.  The benefit amount is 60% of your pre-disability monthly earnings to a maximum monthly benefit of $10,000.  Benefits would begin after 90 days of disability.  

• You may purchase LTD coverage up to 60% of your annual salary, with a maximum monthly benefit of $10,000.
• You are eligible for LTD benefits after 90 days and approval.
• Benefits may continue until your recovery, retirement, you reach Social Security normal retirement age or death, or are offset by other disability benefits, including Social Security, state disability and Workers’ Compensation.
• It is your responsibility to submit a claim and make sure your physician has submitted necessary documentation to Anthem, and to follow up with Anthem with questions on your claim.
• Benefit reduces by 35% at age 70; 50% at age 75.  All coverage terminated at retirement.