Long Term Disability Income
Frequently Asked Questions
-
Who is eligible to request coverage?
-
When can I apply?
-
Are there refunds under the Plan?
-
What is the definition of disability for determining benefits?
-
Will I be covered for a job related disability?
-
Will I be covered for successive disabilities?
-
When will my coverage terminate?
-
Is a medical examination required to receive coverage?
-
If I request monthly benefits of $3,500 or higher, could my benefit level be reduced if my future earnings decrease?
-
What are my options for the waiting periods?
-
Why is this coverage important for members?
-
What special features are included?
Who is eligible to request coverage?
Any member of the AICPA or a State Society of CPAs who is actively working full-time (at least 17 ½ hours per week), less than the age of 65 and resides in the United States, Puerto Rico, the U.S. Virgin Islands, or Guam.
When can I apply?
Anytime. Apply Now.
Are there refunds under the Plan?
Yes, however they are not guaranteed.
What is the definition of disability for determining benefits?
Your occupation which due to sickness or accidental injury you cannot perform, for wage or profit, the material and substantial duties of your occupation.
Will I be covered for a job related disability?
Yes, the plan provides worldwide, 24-hour coverage. You are insured for disabilities caused by either sickness or accident while at home, at work, everywhere you travel, during every hour of the day and night. Not covered are disabilities caused by, or contributed to by, acts of war (including undeclared war and resistance to armed aggression), international self-inflicted injury or attempted suicide. Also, no payments will be made during any period of imprisonment due to a conviction in a court of law.
Will I be covered for successive disabilities?
If you receive benefits for a disability, recover, and again become totally disabled while covered under the Plan, the later disability may be regarded as a continuation of the prior one without an additional waiting (elimination) period. However, the second disability will be considered a new one if you have been back to full-time work for at least six consecutive months, or if the second disability is due to an entirely unrelated cause and the two disabilities have been separated by an interval during which you have performed all the duties of your occupation.
When will my coverage terminate?
Coverage terminates when you attain age 70 unless you are receiving benefits. Benefits are paid in accordance with the terms of the Certificate. Earlier termination will occur if you cease to be a member of the AICPA or any State Society of CPAs, the master policy terminates or you withdraw from the Plan by so requesting or by failure to make timely payments of the required contributions to the Trust. You may also request to move to a lower monthly benefit amount if your coverage is above $1,000.
Is a medical examination required to receive coverage?
It is expected that most members will be accepted for coverage on the basis of their answers to health questions and without further medical evidence. Members not so accepted may, at their option, furnish additional medical evidence to Prudential.
If I request monthly benefits of $3,500 or higher, could my benefit level be reduced if my future earnings decrease?
Yes, if your benefit amount is $3,500 or higher, you will be required to verify each year that your earnings continue to qualify you for the benefit level previously approved. If your earnings decrease so that you no longer qualify for the benefit level previously approved, you may continue your coverage at any available benefit level for which you then qualify without the need to submit health information. There are no earning requirements for monthly disability income benefit amounts less than $3,500.
What are my options for the waiting periods?
The waiting periods that you may choose from are 13-weeks or 26-weeks.
Why is this coverage important for members?
Virtually all members need this kind of income protection. In addition to helping meet those ever increasing personal and family living expenses, income from the Plan can give you, if disabled, valuable financial assistance made necessary by your disability.
What special features are included?
A number of special features have been incorporated under the Plan to help meet your needs, such as a "your occupation" definition of disability for the entire benefit period; the availability of a wide range of monthly benefits; waiting period of either 13 or 26 weeks, whichever you elect; lifetime benefits for disabilities caused by either sickness (mental and nervous conditions limited to a 5-year benefit) or accident and incurred before age 50; worldwide 24-hour coverage; and a voluntary Rehabilitation Program.
Underwritten by The Prudential Insurance Company of America.
|
|
|
