Long Term Disability Income
Obtaining Long Term Disability Benefits
When Do Benefits Begin and How Long Do They Last?
Long Term Disability (LTD) Insurance is designed to provide protection beyond the coverage of Short Term Disability Insurance. With LTD Insurance, if you become totally disabled from sickness or an accident while covered, there is a waiting period (sometimes called elimination period) before monthly benefits begin.
To receive benefits under the AICPA Long Term Disability Income Plan, you must be totally disabled and under the regular care of a physician, but confinement to a house or hospital is not required. The length of your benefit period depends on your age when the disability occurs:
- For your lifetime, if your disability begins before you reach age 50
- To age 65, if your disability begins at age 50 through age 62
- For two years, if your disability occurs at age 63 through 69
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