Short-term Disability
Your short-term disability (STD) coverage provides a monthly benefit of 100% of your pre-disability earnings for weeks 2-8 and 60% of your pre-disability earnings for weeks 9-26. Benefits begin on the eighth calendar day, even if you are hospitalized.
Your coverage is paid by DFIN and provided to you automatically.
Supplemental Short-term Disability
IMPORTANT
This supplemental benefit is not sponsored, maintained, subsidized nor endorsed by DFIN.
You have the option to purchase supplemental STD insurance from Colonial Life & Accident Insurance Company to further protect your income. You may enroll, cancel or change your coverage once a year during the enrollment period.
- You’re paid regardless of any other insurance you may have with other insurance companies, including company-provided STD.
- Benefits are paid directly to you, unless you specify otherwise.
- You may choose the amount of your disability benefits to meet your needs, subject to income.
- You can take your coverage with you if you change jobs.
Supplemental STD coverage is subject to policy exclusions and limitations. Products may vary by state and may not be available in all states. For cost and complete details, contact a Colonial Life benefits counselor at 1-800-325-4368.
Basic Long-term Disability
Basic long-term disability (LTD) coverage provides a monthly benefit of 50% of your earnings, up to $10,000 a month. Monthly LTD benefits continue until the earlier of age 65 or the date you are no longer disabled according to the Program. If you become disabled after age 60, your benefits duration schedule may vary.
Your coverage is paid by DFIN and provided to you automatically.
LTD Buy-up
You have the option to purchase an additional 10% of LTD coverage, which would provide a total LTD benefit of 60% of your pre-disability earnings, up to $15,000 a month. This additional LTD coverage can help protect your income and pay your bills while you’re on the road to recovery.
EVIDENCE OF INSURABILITY (EOI)
Evidence of insurability (EOI) is required for LTD Buy-up if you are electing it for the first time but not if you are enrolling as a new hire (as long as you enroll by your benefit enrollment date). The pre-existing condition limitations described below apply if you elect LTD Buy-up for the first time, including as a new hire.
LTD Pre-existing Condition Limitations
For LTD, if the disability starts within the first 12 months after your coverage or increase in coverage goes into effect, your LTD coverage does not pay benefits for a disability that is caused, or contributed to, by a pre-existing condition that you have been diagnosed, treated or received medical services for in the prior 15 months (i.e., this includes the three months prior to your coverage effective date).