Long Term Disability or LTD begins after you have exhausted our full 26 weeks of Short Term Disability. Long Term Disability benefits seek to replace your income for the remainder of your time being disabled. Our base LTD policy replaces 60% of your base salary up to a maximum of $12,500 per month. The firm pays the premiums for the base LTD, so any benefits to you are taxable.

Our Executive LTD policy, when combined with the base Long Term Disability, replaces up to 75% of your base plus bonus with a monthly benefit maximum of $27,500. What’s more, the benefit above our base LTD policy is non-taxable income, since the premium is paid by you, and is fully portable.

Ex: Employee who earns $200,000 base and a $35,000 annual bonus.

How to enroll? If you are newly eligible, you will receive a packet in the mail from our administrative service provider, Covala Group during each year’s enrollment period. If you previously waived this coverage but would be interested in obtaining the coverage now – you may contact Covala group at (800) 235-3551 or via e-mail at newscorpLTD@covalagroup.com.  However pre-existing condition limits will apply.