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Long Term Disability Insurance (Optional)

 

 

Long Term Disability Insurance (Optional)

Expatriate members of the Association may purchase up to 60% of a pre-disability income benefit with a maximum of $5,000 US per month. There is a 60 Day Elimination Period with a maximum 5 Years Benefit Period - Accident or Sickness. The minimum monthly benefit is $100 and a maximum of $5,000 US. Rates are guaranteed for 12 months. The Long Term Disability Plan is not offered as a stand alone policy under the AAPG GeoCare Program. Eligibility is limited to those members with coverage under the Major Medical plan sponsored by Gulf Insurance / Global Benefits Group

 Own Occupation Period:

24 months

Partial Disability:

Included

Survivor Benefit:

3 months

Waiver of Premium

Included

Recurrent Disability

6 months

Duration of Benefits

Age of Disability

Max Benefit Period

Less than 60

60 months

60

60 months

61

48 months

62

42 months

63

36 months

64

30 months

65

24 months

66

21 months

67

18 months

68

15 months

69 and over

12 months

Mental and Nervous Limitation: 2 years

Long Term Disability Income premium

Rates as Percents of Benefit

Age Band

% of Monthly Benefit

less than 25

1.00

25 to 29

1.07

30 to 34

1.18

35 to 39

1.33

40 to 44

1.44

45 to 49

2.18

50 to 54

3.20

55 to 59

5.12

60 to 64

8.00

 

LTD Premium example:

Amount of LTD Insurance requested                         $5,000

Age of Applicant                                                        45 to 49

Monthly premium                                                       $109.00 ($5,000 * 0.0218)

Annual Premium                                                         $1,308.00

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