Disability Insurance Coverage Comparison Hypothetical Example for Mandatory
Disability Insurance Coverage Comparison Hypothetical Example for Mandatory, Employer-Paid GSI Cases
Employer-Paid Long Term Disability Bonus Gross Monthly LTD Benefit % Gross Income Replaced Gross Monthly GSI Benefit % Gross Income Replaced 37% $100, 000 $10, 000 28% $8, 000 51% $10, 000 48% $50, 000 $10, 000 40% $8, 000 72% $150, 000 $7, 500 60% $15, 000 $7, 500 55% $2, 813 75% $80, 000 $4, 000 60% $5, 000 $4, 000 56% $1, 312 75% Supervisor $50, 000 $2, 500 60% $2, 500 57% $781 75% Title Base Salary Gross Monthly LTD Benefit % of Base Pay Replaced CEO $325, 000 $10, 000 Sr. VP $250, 000 VP Manager No Change This is a hypothetical example which assumes that this is a subset of a larger group of employees, 60% LTD on base salary only with a maximum monthly benefit of $10, 000. 2 May 26, 2021 15080 MPPT (10/19) SI/SNY
The Standard is a marketing name for Stan. Corp Financial Group, Inc. and subsidiaries. Insurance products are offered by Standard Insurance Company of 1100 SW Sixth Avenue of Portland, Oregon, in all states except New York, where insurance products are offered by The Standard Life Insurance Company of New York of 333 Westchester Avenue, West Building, Suite 300, White Plains, New York. Product features and availability vary by state and company, and are solely the responsibility of each subsidiary. Each company is solely responsible for its own financial condition. Standard Insurance Company is licensed to solicit insurance business in all states except New York. The Standard Life Insurance Company of New York is licensed to solicit insurance business in only the state of New York.
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