Supplemental Long-Term Disability Buy-Up
Long Term Disability Insurance provides income protection if you are unable to perform your job due to an illness or injury that lasts more than 90 days.
An eligible team member experiencing an illness or injury that prevents the team member from working typically begins by using available paid time off or sick time. If these "core" benefits have been exhausted, the team member then may use available Short Term Disability. Eligibility for short term disability varies by facility. Please contact your Human Resources Business Partner or Total Rewards/Benefits Services at (757) 534-5544 for specific eligibility information for benefits that offer income protection in cases of illness or injury.
Following short-term disability, eligible team members who remain totally disabled may receive up to 60% of monthly pre-disability income to a maximum of $2,500 per month for Full-time Staff or up to $5,000 per month for Full-time Directors and Above.
The Supplemental Long-Term Disability Buy-up plan allows you to purchase additional coverage, also at 60%, but up to a higher monthly maximum - $7,500 per month for eligible Full-time Staff and up to $10,000 per month for eligible Full-time Directors and Above.
Sun Life offers this coverage at a rate of $0.17 per $100 in coverage.
New or newly eligible team members who apply for coverage within 31 days of their eligibility date have guaranteed coverage. However, if you apply for coverage outside of your guaranteed issue period, you will need to provide Evidence of Insurability (EOI), in other words, proof of good health, acceptable to Sun Life Assurance Company of Canada. If your coverage election is subject to EOI, you will be contacted after Open Enrollment closes on November 16, 2012, regarding your EOI submission.
Sun Life Assurance Company
Riverside Total Rewards/Benefit Resources
12420 Warwick Boulevard
Building 6, Suite 6B
Newport News, VA 23606