A serious illness or injury can turn your life upside down for months or even longer and might mean you aren’t able to work. The PEF Membership Benefits Program sponsors Long-Term Disability insurance from Sun Life.1
Long-Term Disability insurance may give you the financial support you need so that you can focus on getting better.
How does it work?
Long-Term Disability insurance may provide you with a check that pays a portion of your income once your claim is approved. This replacement income can help you stay on track with your monthly expenses when you can’t work due to a covered disability.
How much do I need?
You have the option of selecting either a 50% or 60% benefit level.
How soon will I receive benefits?
The coverage pays a benefit for disabilities lasting longer than 6 months.
How long will the benefits last?
Once the Elimination Period ends, if you are disabled prior to age 60, you are eligible to receive a monthly benefit up to the maximum benefit period or Social Security Normal Retirement Age, whichever is longer, for as long as you’re disabled. If you are disabled after age 60, you are eligible to receive a monthly benefit from one year to five years depending on your age. Disabilities that start at or after age 69 are covered for 12 months.
How much does it cost?
Bi-weekly premiums are based on your age and income level and are payroll deducted.
Please note: Forms should be returned to PEF MBP PO Box 12414 Albany, NY 12212-2414 Important
The above information is intended to provide an explanation of the general purposes of the insurance described, but it does not form a part of the group insurance policy. If any of the terms of the brochure or a certificate differ from the group insurance policy, the policy will govern. Limitations and Exclusions apply. Please see the brochure for additional information.
1Group insurance policies are underwritten by Sun Life and Health Insurance Company (U.S.) (Windsor, CT) under Policy Form Series 13-GP-LH-01, 13-LF-C-01, 13-GPPORT-P-01, 13-LFPort-C-01, 13-ADD-C-01, 13-LTD-C-01, 13-LTD-P-01, 13-STD-C-01, 06P-NY-DBL, 07-NYSL REV 7-12, GP-A-1, and GC-A-1.
© 2014 Sun Life Assurance Company of Canada, Wellesley Hills, MA 02481. All rights reserved. Sun Life Financial and the globe symbol are registered trademarks of Sun Life Assurance Company of Canada. Visit us at www.sunlife.com/us.
SLPC 24704 04/14 (exp. 04/16)