Long Term Disability Insurance (LTD)
The need to be better prepared for life events that keep us out of work has become more important than ever before. Disability insurance may help provide a steady stream of income to help cover your bills and expenses when an injury or illness keeps you away from work.
Safeguard your salary with disability insurance
Life has changed, but the need to protect and provide for loved ones has not. More than ever, it’s important to help ensure that you and your family are prepared to meet essential living expenses should you become unable to work. You may enroll in Long term Disability at anytime, however, if you enroll after your initial 60 day window you will be required to answer medical questions. You may also cancel your coverage at anytime. New hires and employees experiencing a qualifying life event have 60 days to enroll without medical questions.
Help replace a portion of your income if you cannot work1
If you lost your ability to earn income, how would you pay for your bills and provide for your family? In the event of a disability, you need coverage that's quickly accessible and payments that help you to cover everyday expenses. Enrollment is simple but the benefits are significant.
- May help replace a portion of your income when you are unable to work due to sickness, pregnancy, chronic condition or accidental injury.
- Benefit payments are made directly to you and you decide how to spend the money.
- Helps you meet your day-to-day financial obligations so your long-term goals can stay on track.
Did you know disability insurance and workers’ compensation are not the same thing? Workers’ compensation only applies if you are hurt at work. Disability insurance covers you when you’re unable to work because of illness or injury — whether suffered at work or not.
Plan Details
Life has changed, but the need to protect and provide for loved ones has not.
The LTD coverage is a voluntary benefit in which you pay the entire premium
You have two options:
- 60% of monthly earnings with 90-day Elimination Period* Option
- 60% of monthly earnings with 365-day Elimination Period* Option
Your LTD coverage cost is based on which option you elect and your age as of April 1, 2024. These rates are guaranteed until April 1, 2025.
*The elimination period begins on the day you become disabled and is the length of time you must wait while being disabled before you are eligible to receive a benefit.
90-day Elimination Period
| Age | Monthly rate per $100 of covered earnings |
|---|---|
| Under 25 | $0.05 |
| 25-29 | $0.07 |
| 30-34 | $0.10 |
| 35-39 | $0.18 |
| 40-44 | $0.26 |
| 45-49 | $0.44 |
| 50-54 | $0.73 |
| 55-59 | $0.68 |
| 60-64 | $0.60 |
| 65-69 | $0.41 |
| 70 and over | $0.28 |
The rates outlined in the above chart are guaranteed until 3/31/2024.
365-day Elimination Period
| Age | Monthly rate per $100 of covered earnings |
|---|---|
| Under 25 | $0.045 |
| 25-29 | $0.05 |
| 30-34 | $0.08 |
| 35-39 | $0.14 |
| 40-44 | $0.22 |
| 45-49 | $0.37 |
| 50-54 | $0.59 |
| 55-59 | $0.55 |
| 60-64 | $0.49 |
| 65-69 | $0.32 |
| 70 and over | $0.23 |
The rates outlined in the above chart are guaranteed until 3/31/2024.
Disability Insurance FAQs
Consider any expenses you may incur in the running of your household, including car payments, mortgage payments, groceries, child care, tuition and more, that would still need to be covered in the event of a disability.
Depending upon the amount of coverage you choose, payment will be made directly to you — not your employer, hospital, doctor or insurance company.
Enrolling in a plan is not mandatory, but it is a good idea and an affordable way that may help protect your income. Without disability insurance, you may need to use your savings or tap into other assets to cover your essential living expenses while you recover from an accident or illness.
MetLife offers various ways to submit your claim based on your plan, including online, mail and phone options. Plus, you can track the status of your claim online or on the MetLife US App. Search "MetLife" on iTunes® App Store or Google Play to download the app.
As one of the nation’s leading providers of disability benefits,2 you can count on MetLife to provide you with caring, compassionate and accurate claims service, if and when you experience a disability.
How much disability insurance should you have?
Help Keep Your Income Coming In
Receive a portion of your pre-disability income if you’re unable to work.
Enroll, view your current coverage information
ENROLL/VIEW COVERAGE
1 Like most disability income insurance policies, MetLife’s policies contain certain exclusions, waiting periods, reductions, limitations and terms for keeping them in force. Ask your MetLife representative about costs and complete details. For policies issued in New York: These policies provide disability income insurance only. They do NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services. The expected benefit ratio for these policies is at least 50%. This ratio is the portion of future premiums that MetLife expects to return as benefits when averaged over all people with the applicable policy.