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Disability Insurance: Long Term: Group


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The benefit amount under group Long Term Disability plans is usually expressed as a monthly benefit which is a percentage of your salary, with a cap. A typical plan reads: a benefit in an amount equal to “60% of your Basic Monthly Earnings to a maximum monthly benefit of $5,000.”

Each plan defines the earnings on which the benefit is based. Generally, the earnings on which the benefit is based is your gross (not your take-home) salary at the time you became disabled. The definition will also state whether the earnings on which the benefit is based includes overtime, commissions, bonuses, etc. Generally these extra amounts are not included.

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