Group Long-Term Disability
Did You Know?
- One in eight workers will be disabled for five years or more during their working career (Commissioners Disability Table)
- Just over one in four of today’s 20-year olds will become disabled before they retire (Social Security Administration, fact sheet March 18, 2011)
- Workers’ Compensation won’t cover most disabilities. 95 percent of all disabling injuries or illnesses occur outside of work. (Council for Disability Awareness, Long-Term Disability Claims Review, 2011)
- Hidden disability-related costs account for 14 percent or more of covered payroll (Watson Wyatt Worldwide and Washington Business Group on Health)
Sentry’s long-term disability insurance protects your employees’ incomes in the event of a work- or non-work related disability. Without this important protection for lengthy disabilities, an ill or injured employee may be forced to deplete personal savings or go into debt to make ends meet.
- Benefit Amounts – You select a monthly benefit of 50 percent or 60 percent of monthly earnings to a maximum monthly benefit of $6,000. You select the salary definition that matches your compensation plan.
- Earnings include commissions but not bonuses, overtime pay or other extra compensation; or
- W-2 wages – Earnings include commissions, bonuses, overtime pay and other extra compensation
- Minimum Payment Amount – Minimum monthly payment amount is the greater of $100 or 10 percent of the employee’s gross disability payment
- Return-to-work Program – Sentry’s return-to-work program helps get disabled employees back to work and as soon as possible.
- Waiting Period – You select when payments are to begin – either after 90 or 180 days of total disability
- Integration of Benefits – Benefits are integrated with Social Security, workers’ compensation and other income sources. Sentry also provides assistance to claimants applying for Social Security benefits.
- Survivor Benefits – A lump sum payment of three months’ disability benefit is paid upon death if disabled employee dies after having been disabled for 180 consecutive days while receiving payments under the plan
- Maximum Payment Duration – up to age 65 for disabilities beginning before age 60
- Benefit Duration Exceptions – 24 months is the maximum duration for mental/nervous conditions, substance abuse treatments and self-report symptoms that cannot be verified by medical tests; e.g., headaches and numbness
- Definition of Disability – Prior to the waiting period – Not able to perform any of the material and substantial duties of the employee’s occupation.
After the waiting period – The inability to perform some or all of the employee’s regular occupation. For disabilities exceeding 24 months, the inability to perform any occupation is required to continue receiving payments.