Overview

The loss of income due to illness or injury can cause serious financial hardship for your family. Disability insurance replaces a portion of your income to help you continue paying your bills and meeting your financial obligations during this difficult time.

iconYour leave of absence benefits

Explore this interactive presentation at your own pace to learn about your LOA benefits.

Short-term disability (STD) insurance

  • Benefit is automatic and company-paid; no need to enroll.
  • Coverage begins on day six of your disability and is retroactive to the first day of your disability.
  • Pays 60% or 100% of your salary (based on your length of service) for a maximum of 26 weeks.
  • Provided through Chubb (Cigna administers and pays the statutory disability benefits for employees in HI, NY, and NJ).

Long-term disability (LTD) insurance

  • Benefit is automatic and company-paid; no need to enroll.
  • Coverage begins after 26 weeks of disability.
  • Pays 60% of your salary, up to a maximum of:
    • $15,000 per month if your annual base salary is $300,000 or less
    • $25,000 per month if your annual base salary is more than $300,000
  • Provided through Cigna.

LTD buy-up insurance

  • Benefit is optional and employee-paid; you must enroll on the Chubb Benefits Marketplace.
  • You may choose to purchase additional LTD insurance to cover your bonus and/or commissions to receive 60% of your total compensation, up to a combined maximum (your core company-provided LTD amount plus your LTD buy-up amount) of:
    • $20,000 per month if your annual base salary is $300,000 or less
    • $30,000 per month if your annual base salary is more than $300,000
  • This benefit can only be elected within 30 days after your hire date or during Annual Enrollment.  You cannot elect this benefit at any other time during the year. 
  • No Evidence of Insurability (EOI) is required during your initial enrollment period, which means there’s no health assessment before being approved for coverage! There will be no opportunity to enroll in buy-up LTD insurance – even with a qualifying life event – until next year’s Annual Enrollment.
  • Provided through Cigna.