Employees and families
If you earn a higher salary, or rely on bonuses or commissions, you may need
additional income coverage for a disability. Long term disability plans do not
typically cover bonuses or commissions, which could make a big difference to
your monthly budget. When you combine individual disability with group long
term disability coverage, you could protect as much as 75% of your total take-home pay.
When Joan learned she had cancer, she knew she would need
time away from her regional sales job. Joan relied on her commissions
to maintain her family’s quality of life, but she needed to stay close to
home for her medical treatments. Joan’s individual disability coverage paid
a large percentage of her total income — including commissions — so she could
support her family while she was unable to work.
* Joan’s group long term disability plan does not cover bonuses/commission. This is only an example. Eligibility for, entitlement to, and amount of actual benefits will be determined according to the terms of the IDI policy and/or the group long term disability policy.
Individual disability insurance:
Underwritten by Provident Life and Accident Insurance Company
In New York, First Unum Life Insurance Company
This individual policy provides disability income insurance only. It does NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Insurance Department. The expected benefit ratio for this policy is 60%. This ratio is the portion of future premiums which the company expects to return as benefits, when averaged over all people with this policy.