Long-Term Disability

SLPC 25095 01/17 (exp. 11/19)

Safeguard your finances so you can focus on your health when you can't work due to a long-term disability.

Long-term disability insurance provides you with a monthly cash benefit to help pay for everyday expenses (such as mortgage/rent, utilities, childcare, or groceries) if a covered disability (e.g., back injuries and some chronic illnesses such as heart attack, cancer, or stroke) takes you away from work for an extended time.

How does it work?

Long-term disability insurance provides you with a monthly check to replace a portion of your income once your claim is approved, which can help lessen the financial impact of a covered disability.1 This type of insurance can help you manage your expenses when you can’t work due to a covered disability so that you don't have to rely solely on your savings.

What’s covered?

Our Long-term Disability plan typically covers disabilities resulting from injuries or illnesses that prevent an employee from performing the material duties of their own occupations for the first two years of benefits. After that, typically the policy requires that an employee cannot perform the material duties of any occupation to be eligible for benefits.Your plan costs depend on your age, your benefit amount, and other factors.

What should you consider?

When deciding to sign up for long-term disability insurance, consider the following:

  • How much would I need to cover my expenses?
    Add up your monthly expenses to estimate how much replacement income you might need. Then, check the plan your employer is offering you to figure out how much replacement income you are eligible for and see if that amount fits your needs. You may have the option to choose a percentage of your current income or a specific dollar amount—up to the maximum amount allowed by your plan. . If you choose a percentage of your income, use this formula to calculate how much of your monthly expenses might be covered: Monthly income x percentage amount = potential benefit.
  • How soon would I receive benefits?
    Depending on your plan, you may be able to start receiving replacement income within a few months from your date of disability once your claim is approved. Consider how long your savings will last before you would need replacement income and how other sources of income or insurance might impact your benefits.
  • How long would benefits last?
    You may be eligible to receive benefits up to the maximum period allowed by your plan, provided that you are still eligible to receive benefits.

The content on this page is not approved for use in New Mexico.

1. Keep in mind that other sources of income could impact your benefit amount.

This policy contains limitations and exclusions that may affect benefits. Please see the certificate or ask your benefits administrator for information on elimination periods, waiting periods, and pre-existing conditions limitations.

This coverage does not constitute comprehensive health insurance (often referred to as “major medical coverage”) and does not satisfy the requirement for Minimum Essential Coverage under the Affordable Care Act.

Group insurance policies are underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA) in all states, except New York, under Policy Form Series 93P-LH, 15-GP-01, 12-DI-C-01, 12-GPPort-P-01, 12-STDPort-C-01, 16-DI-C-01, TDBPOLICY-2006, and TDI-POLICY. In New York, group insurance policies are underwritten by Sun Life and Health Insurance Company (U.S.) (Lansing, MI) under Policy Form Series 15-GP-01, 13-GP-LH-01, 13-LTD-C-01, 13-STD-C-01, 06P-NY-DBL, 12-GPPort-01, and 12-STDPort-C-01. Product offerings may not be available in all states and may vary depending on state laws and regulations. The group insurance policies described in this advertisement provide disability income insurance only. They do NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York State Department of Financial Services.