Income Protection
Long-term disability is an injury or an illness that causes a person to be unable to work for an extended period of time.
Income Protection
| Class A: Basic Plan | Class B: Enhanced Plan | |
|---|---|---|
| Schedule | 66.7% of your first $3,500, plus 50% of the next $3,500, plus 40% thereafter | 66.7% of your first $3,500, plus 50% of the next $3,500, plus 40% thereafter |
| Maximum Benefit (No Medical Evidence) | Up to $15,000/month ($6,000/month) | Up to $15,000/month ($6,000/month) |
| Waiting Period | 112 days | 112 days |
| Benefit Period | 5 years but not beyond age 65 | To age 65 |
| Termination Clauses | To age 65 less the waiting period or retirement, whichever is earlier | To age 65 less the waiting period or retirement, whichever is earlier |
Schedule
- Class A: Basic Plan
- 66.7% of your first $3,500, plus 50% of the next $3,500, plus 40% thereafter
- Class B: Enhanced Plan
- 66.7% of your first $3,500, plus 50% of the next $3,500, plus 40% thereafter
Maximum Benefit (No Medical Evidence)
- Class A: Basic Plan
- Up to $15,000/month ($6,000/month)
- Class B: Enhanced Plan
- Up to $15,000/month ($6,000/month)
Waiting Period
- Class A: Basic Plan
- 112 days
- Class B: Enhanced Plan
- 112 days
Benefit Period
- Class A: Basic Plan
- 5 years but not beyond age 65
- Class B: Enhanced Plan
- To age 65
Termination Clauses
- Class A: Basic Plan
- To age 65 less the waiting period or retirement, whichever is earlier
- Class B: Enhanced Plan
- To age 65 less the waiting period or retirement, whichever is earlier