Faculty and Librarian LTD Summary and Information Booklet

Amount

60 % of monthly basic earnings to a maximum benefit of $7,000 per month, reduced by direct offsets and indirect offsets.  Note:  The benefit amount will be further reduced, if necessary, so that total benefit income from all sources does not exceed 80% of pre-disability monthly net income.

Elimination Period

119 days or 17 weeks

Pregnancy – The elimination period commences on the date pregnancy terminates, or if earlier, the date you are totally disabled.

Maximum Indemnity

To age 65

Period

Benefits under this Long Term Disability Insurance Provision are non-taxable.

When an insured Employee becomes totally disabled* according to the terms of this benefit and the Company has begun making monthly benefit payments, then the benefit payments shall cease on the earliest of:

• The date the insured employee ceases to be totally disabled; or
• The date when the specified maximum benefit period has been reached, or the attainment of age 65; or
• The date on which the disabled employee fails to furnish satisfactory proof of the continuance of total disability, or fails to submit an examination requested by the Company; or
• The date the employee is not under the continuous care of a Physician who has the medical credentials deemed appropriate to the Company; or
• The date the employee refuses to enter a Rehabilitation Program which is considered appropriate by the Company; or
• The date the insured employee dies.

*totally disabled – you are considered totally disabled if you are deemed not able by the Company to perform at least 60% of the regular duties of your own occupation for any employer for which you are reasonably fitted or could so become by training, education, or experience