Long-Term Disability Insurance

Provides a Cash Benefit When Unable to Work

Disabilities strike without warning and unfortunately, most of us are totally unprepared for the accompanying financial devastation. The average long-term disability lasts over 2.5 years and 1-in-7 people will be disabled for more than 5 years. Can you afford your home, car, food, and all your other bills while not collecting a paycheck?

It’s easy to believe a disability won’t happen to us, or if it does, it’ll be for a short period of time and our financial safety nets will protect us. However, the facts don’t lie. Americans greatly underestimate the risk of becoming disabled. Of wage earners, there is almost a 30% chance that you will become disabled for 3 months or longer.

We believe only older, unhealthy, or those with high risk jobs become disabled. While these can increase your chances of becoming disabled, it by no means you are in the clear if you aren’t in these categories. There are over 2,500,000 disabled workers aged 20-49.

We assume if we become disabled, it will happen at work and Worker’s Compensation will cover us. The reality is that less than 10% of disability claims are the result of workplace injuries and 90% are due to illness or accidents outside the workplace and not covered by Worker’s Compensation. Cancer, heart attack, diabetes, back pain, injuries, and
arthritis cause the majority of long-term disabilities.

We count on Social Security Disability Insurance. Unfortunately, only about 35% of SSDI claims are approved and the average monthly payment is around $1,000. That benefit may also be taxable!

We overestimate savings to cover our bills while out on a disability. 77% of Americans live paycheck-to-paycheck. Only about 1-in-4 Americans has $1,000 in savings. According to a Harvard study, over half of all personal bankruptcies and home foreclosures are a consequence of a disability.

This comprehensive Long-Term Disability plan is designed specifically for CAPT members and provides 24-hour coverage for injury or illness. Benefits include a CASH payment of 60% of your pre-tax salary. This benefit continues until you are back at work or retired. This plan features a short 90-day elimination period and includes $10,000 of life insurance and an additional $10,000 of accidental death coverage.

 

Monthly Rates Based on Age & Salary

 

Age	18 to 34	35-39	40-44	45-49	50-54	55-59	60+
Annual Salary
$1 – $30,000	$26	$39	$40	$44	$55	$61	$69
$30,001 – $35,000	$30	$44	$46	$50	$63	$69	$78
$35,001 – $40,000	$34	$50	$52	$56	$70	$77	$86
$40,001 – $45,000	$38	$56	$58	$62	$78	$85	$94
$45,001 – $50,000	$42	$62	$64	$69	$86	$93	$102
$50,001 – $55,000	$46	$67	$70	$75	$93	$101	$111
$55,001 – $60,000	$50	$73	$76	$81	$101	$109	$119
$60,001 – $65,000	$54	$79	$82	$88	$108	$117	$127
$65,001 – $70,000	$58	$85	$88	$94	$116	$125	$136
$70,001 – $75,000	$62	$90	$94	$100	$124	$133	$144
$75,001 – $80,000	$66	$96	$100	$107	$131	$141	$152
$80,001 – $85,000	$70	$102	$106	$113	$139	$149	$161
$85,001 – $90,000	$74	$108	$112	$119	$146	$157	$169
$90,001 – $95,000	$78	$113	$118	$126	$154	$165	$177
Above $95,000	$81	$119	$124	$132	$162	$173	$185

Protect yourself and your family with this insurance specifically designed for CAPT members. Coverage is medically underwritten.