[et_pb_section fb_built=”1″ _builder_version=”4.25.2″ _module_preset=”default” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row column_structure=”2_3,1_3″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”2_3″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” header_6_font=”||on||||||” header_6_font_size=”12px” hover_enabled=”0″ global_colors_info=”{}” locked=”off” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n
Long-Term Disability Insurance pays you a portion of your earnings if you cannot work because of a disabling illness or injury. You have the opportunity to purchase Long-Term Disability Insurance to supplement the State\u2019s Pension Disability Benefit.<\/p>\n
You may purchase coverage that would supplement your State Disability Pension plan up to 66.6% of your earnings. The maximum Long-Term Disability benefit you could receive is $8,000 per month. Your plan includes a minimum benefit of 10% of your earnings or $100 per month. Earnings are defined as in Standard\u2019s contract with your employer.<\/p>\n
You are eligible if you are an active STATE OF DELAWARE PENSION COVERED employee who works at least 10 hours per week on a regularly scheduled basis.<\/p>\n
Your benefit may be reduced once you reach certain ages specified in Standard\u2019s contract with your employer. In addition, as described below, your monthly Long-Term benefit may be reduced by other income you receive.<\/p>\n
Prior to age 63<\/strong><\/td>\n| To normal retirement age* (NRA) or 48 months if greater<\/strong><\/td>\n<\/tr>\n | Age 63<\/td>\n | To NRA* or 42 months<\/td>\n<\/tr>\n | Age 64<\/td>\n | 36 months<\/td>\n<\/tr>\n | Age 65<\/td>\n | 30 months<\/td>\n<\/tr>\n | Age 66<\/td>\n | 27 months<\/td>\n<\/tr>\n | Age 67<\/td>\n | 24 months<\/td>\n<\/tr>\n | Age 68<\/td>\n | 21 months<\/td>\n<\/tr>\n | Age 69+<\/td>\n | 18 months<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | *Normal Retirement Age means the Social Security Normal Retirement Age as stated in the 1983 revision of the United States Social Security Act.<\/h6>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text admin_label=”LTD links” _builder_version=”4.27.6″ _module_preset=”default” custom_padding=”||20px|17px|false|false” border_width_left=”1px” border_color_left=”#0C71C3″ global_module=”238″ saved_tabs=”all” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Long-Term Disability Insurance Related Forms<\/strong> |