Group Long Term Disability
Group Long Term Disability
Group Long Term Disability (LTD) Insurance
Safeguarding Your Employees’ Lifestyles
LTD insurance is designed to pay a monthly benefit to an employee who cannot work because of a covered illness or injury.
Employers have found this to be an important tool in retaining key employees. PDT provides a variety of plan designs and the choice is up to you.
The Benefits at a Glance document provide details on Plans A and B available and how they differ.
Group Long Term Disability Plans
Benefits at a Glance
| Feature | Plan A – Benefits at a Glance | Plan B – Benefits at a Glance |
|---|---|---|
| Coverage Amount | 60% of the first $10,000 of monthly predisability earnings on the date of disability, reduced by deductible income | 60% of the first $10,000 of monthly predisability earnings on the date of disability, reduced by deductible income |
| Maximum Benefit | $6,000 | $6,000 |
| Maximum Benefit Period | If the employee becomes disabled before age 62, benefits may continue until age 65, SSNRA, or 3 years 6 months, whichever is longest. If disabled at age 62 or older, duration is based on age at disability. | If the employee becomes disabled before age 62, benefits may continue until age 65, SSNRA, or 3 years 6 months, whichever is longest. If disabled at age 62 or older, duration is based on age at disability. |
| Benefit Waiting Period | 90 days | 180 days |
Benefits at a Glance - 10 Lives or Above
| Feature | Plan A – Benefits at a Glance | Plan B – Benefits at a Glance |
|---|---|---|
| Coverage Amount | 60% of the first $5,000 of monthly predisability earnings on the date of disability, reduced by deductible income | 60% of the first $5,000 of monthly predisability earnings on the date of disability, reduced by deductible income |
| Maximum Benefit | $3,000 | $3,000 |
| Maximum Benefit Period | If the employee becomes disabled before age 62, benefits may continue until age 65, SSNRA, or 3 years 6 months, whichever is longest. If disabled at age 62 or older, duration is based on age at disability. | If the employee becomes disabled before age 62, benefits may continue until age 65, SSNRA, or 3 years 6 months, whichever is longest. If disabled at age 62 or older, duration is based on age at disability. |
| Benefit Waiting Period | 90 days | 180 days |
Get Your Customized Insurance Quote Today!
Quick and Easy Steps to Secure Your Employees Insurance Coverage Quote
Simply provide the complete company name and address, the name, date of birth and salary for each employee, desired maximum benefit waiting period (must be the same for all employees). We’re here to make the process seamless for you!
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