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Long Term Disability
Long Term Disability provides a monthly benefit
equal to 66 2/3% of monthly base salary at the time of the disability, less
any benefits from other income and subject to a maximum monthly benefit of
$9,000. There is a pre-existing condition exclusion.
If a period of disability
begins before age 60, a monthly benefit is payable until age 65. If a
period of disability begins after age 60, monthly benefits are payable
according to a schedule. The thirty day Long Term Disability option begins
at the 31st day after disability, and will cost $0.94 per $100 of
salary. The ninety day Long Term Disability option begins on the 91st
day after disability, and will cost $0.61 per $100 of salary.
The Gabor Agency
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