Voluntary long-term disability (LTD) offers disability income protection to employees unable to perform all of the material duties of their occupation on a full-time basis due to sickness or injury.

How Do I Get Disability Insurance?

The following is a summary of the specific benefits and limitations of the voluntary LTD insurance plan, along with underwriting guidelines for the program:

Group Insurance products are issued by The Lincoln National Life Insurance Company (Fort Wayne, IN), which is not licensed and does not solicit business in New York. In New York, group insurance products are issued by Lincoln Life & Annuity Company of New York (Syracuse, NY). Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Each affiliate is solely and independently responsible for its own financial and contractual obligations. Products may not be available in all states.

Why do I need long/short term Disability?

Coverage Choices

Employer-Choice...the employer chooses among the following:

Two year, five year or to age 65 benefit duration

50% or 60% of salary up to $5,000 maximum monthly benefit*
Coverage amounts/limitations may vary according to specific state regulations

Employee-Choice...the employee chooses among the following:

90 or 180-day elimination period
• 
  
• Two year, five year or to age 65 benefit duration
  
• 60% of salary up to $5,000 maximum monthly benefit
  (offered in $100 increments with a $500 minimum benefit required)*
  Coverage amounts/limitations may vary according to specific state regulations
  
  Additional features of the voluntary LTD program:
  
  
  A 24-month "own occupation" definition of disability (this means that within this program, an employee is considered totally disabled if he or she is unable to perform all of the material duties of his or her occupation on a full-time basis due to sickness or injury for 24 months)
  • 
    
  • A partial disability benefit with a return-to-work incentive allowing earnings up to 99% of pre-disability income during the first 24 months of partial disability benefits, and 85% thereafter
    
  • Benefits paid for disabilities due to pregnancy or its complications, alcoholism, drug addiction, and mental/nervous conditions
    
  • Waiver of premium while LTD benefits are payable
    
  • A family income benefit paid to the surviving spouse or children
    
  • During the elimination period, a total or partial disability can cease for a period of time without requiring that a new elimination period begin
    
  • Portability of coverage at the same rates for up to one year after termination
    
  • Integration/exclusions
    
    Benefits are reduced by any "other income" the insured is eligible for under Primary and Family Social Security Disability or Retirement or any similar plan or act; Worker's Compensation law, occupational disease law or any similar law; state disability plans or any compulsory benefit act or law; other group disability plans, disability and/or retirement benefits through the employer; and any form of employment (full or part-time)
    The minimum benefit payable is never less than $100 or 15% of the insured employee's maximum monthly benefit (whichever is greater)
    Benefits are not payable due to war, insurrection, rebellion, active participation in a riot, commission of a felony, intentional or self-inflicted injuries, or if an employee is not under the regular care of a physician
    12/12/24 pre-existing condition exclusion applies to all coverage (may vary in certain states)
    Underwriting guidelines
    
    Guaranteed coverage up to $2,500 for the Employee-Choice program and $5,000 for the Employer-Choice program if the group reaches minimum participation requirements during the initial enrollment period
    Simplified underwriting for coverage over the guaranteed issue amounts
    Full underwriting for late entrants and some increases in coverage amounts
    Minimum participation requires at least 10 employees or 25% of the eligible employee group, whichever is greater, and elect coverage during the initial defined enrollment period. In addition, premium must total at least $100 per month. Rate Guaranteee
    Two years - standard
    How to obtain a voluntary long-term disability proposal kit
    Fill out a voluntary benefit program proposal request form and send it to Lincoln Financial Group with a complete census. A complete census includes employee age or birth date, sex, salary, occupation and location(s
    
    If you would like to speak to an agent about a disability term, Contact Us and we will help determine your needs!