Long Term Disability Insurance

The Long Term Disability program provides income replacement and protection against long term loss of income due to injury or illness.

Participating groups can design their own Long Term Disability plan and determine the level of income replacement offered to Plan Members. Benefits typically commence after 17 or 26 weeks of disability. The tax status of the LTD benefit is determined by whoever pays the premium. If the Plan Member pays 100% of the premium, the benefit does not attract income tax if they become disabled. When the plan sponsor pays the premium (or any portion of the premium) the benefit is taxable when collected.

Common features of the Long Term Disability program include:

• Continuation of benefits until age 65 or earlier recovery
• Flexibility in plan design
• Generous overall monthly maximum benefits
• Worker’s Compensation, no-fault auto insurance, group retirement or pension plan and primary CPP/QPP benefits are direct offsets

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Long Term Disability Insurance Rates

Rates for Long Term Disability Insurance considers both the demographic and financial results of the entire LTD pool and your individual group.

By joining the Long Term Disability program, member organizations are able to obtain cost-effective, flexible protection for their Plan Members.