Online Benefits Directory
LONG TERM DISABILITY
If you had an unexpected illness or injury and were unable to work, how long would you be able to pay your bills? Long-term disability pays a portion of your salary if you’re unable to work due to a covered disability.
Who Is Eligible For Coverage?
You:All active, Full-Time Employees of the Employer regularly working a minimum of 30 hours per week in the United States, who are citizens or permanent resident aliens of the United States. You will be eligible for coverage the first of the month on or after30 days of active service.
Available Coverage:
| Gross Monthly Benefit | Maximum Gross Monthly Benefit | Benefit Waiting Period | Maximum Benefit Period |
|---|---|---|---|
| 60% of your monthly covered earnings | $5,000 | 90 days | Please refer to “How long benefits last” section below for more details |
Additional Features
Family Survivor Benefit – If you die while receiving benefits, we will pay a survivor benefit to your lawful spouse*, eligible children, or estate. The plan will pay a single lump sum equal to3 months of benefits.
Important Definitions and Policy Provisions:
Disability – “Disability” or “Disabled” means that, solely because of a covered injury or sickness, you are unable to perform the material duties of your regular occupation/regular job and you are unable to earn 80% or more of your indexed earnings from working in your regular occupation/regular job. After benefits have been payable for24 months, you are considered disabled if solely due to your injury or sickness, you are unable to perform the material duties of any occupation for which you are (or may reasonably become) qualified by education, training or experience, and you are unable to earn 60% or more of your indexed earnings. We will require proof of earnings and continued disability.
Covered Earnings – “Covered Earnings” means your wages or salary, not including overtime pay, bonuses, commissions, and other extra compensation.
When Benefits Begin – You must be continuously Disabled for 90 Days before benefits will be paid for a covered Disability.
How Long Benefits Last – Once you qualify for benefits under this plan, you continue to receive them until the end of the benefit or until you no longer qualify for benefits, whichever occurs first. Should you remain Disabled, your benefits continue according to the later of your Social Security Normal Retirement Age, or the following schedule, depending on your age at the time you become Disabled.
| Age at Disability | Age 62 or younger | 63 | 64 | 65 | 66 | 67 | 68 | 69+ |
|---|---|---|---|---|---|---|---|---|
| Duration of Payments in months | To age 65 or the date the 42nd monthly payment is payable, if later | 36 | 30 | 24 | 21 | 18 | 15 | 12 |
When Coverage Takes Effect – Your coverage takes effect on the later of the policy’s effective date, the date you become eligible, the date we receive your completed enrollment form if required, or the date you authorize any necessary payroll deductions if applicable. If you’re not actively at work on the date your coverage would otherwise take effect, your coverage will take effect on the date you return to work. If you have to submit proof of good health, your coverage takes effect on the date we agree, in writing, to cover you.
Cost of benefit
There is no cost to you at this time. G& W Equipment pays the cost of this coverage.
Online Forms & Documents
How to File Your Disability Claim
Disability Claim/Direct Deposit Q&A