Disability and Life Insurance are important for securing your and your members' hard-earned financial future. Disability Insurance replaces a portion of your income when an illness or injury keeps you out of work for an extended period of time. Life Insurance helps ensure that your loved ones are taken care of financially in the event of your passing.
CTA-endorsed Disability Insurance Highlights
CTA-endorsed Disability Insurance from The Standard is designed especially for California education professionals. Here’s how it works:
- Replaces up to 75% of your daily income1 if you’re unable to work due to sickness, injury, pregnancy or childbirth
- Starts paying benefits after you are out of work for 7 consecutive workdays2 — including a $25 per workday benefit on top of your fully-paid sick leave
- Additional Student Loan and Cancer Benefits for qualifying claims
- Benefits are paid directly to you and can be used to pay for things health insurance doesn’t cover — your rent or mortgage, car payments, student loans, utilities, groceries, child care, etc.
CTA-endorsed Life Insurance Highlights
- Life Insurance is a key part of any financial plan. And making sure you have enough life insurance during your working years is a critical part of protecting your loved ones. Term Life Insurance coverage with options from $25,000 to $400,000
- Accidental Death and Dismemberment (AD&D) Insurance included at no additional cost
- Optional Life and AD&D coverage for your spouse/domestic partner and children available with your Life Insurance
- Life Services Toolkit: Access to additional resources and services for insured participants and beneficiaries.3 Learn More
- Travel Assistance: Access to a comprehensive range of professional 24-hour medical, legal and trip assistance information, as well as referral and coordination services when traveling 100 miles or more from home or when traveling in a foreign country for trips up to 180 days.3
1 Daily income is based on your regular daily contract salary. Benefits will be reduced by deductible income. Examples of deductible income include: personal leave pay, severance pay, substitute differential pay, catastrophic/extraordinary leave bank, salary continuation, workers’ compensation, work earnings, social security, state disability, CalPERS/CalSTRS benefits.
2 Workdays means any Regular Day(s) of Required Attendance you are required to be actively at work based on the calendar dates of the school calendar and your employment contract in effect on the date you become disabled.
3 Travel Assistance and Life Services Toolkit are provided through an arrangement with service partners that are not affiliated with The Standard. These services are not insurance products.
Did you know:
- Almost half (47%) of American families are not able to save any of their annual income?1
- 55% of American families have no emergency savings2
- A recent survey of 600 CTA members showed only 30% have enough savings to pay their bills for 6 months or longer.3
Many of your members may be relying on their paychecks to take care of their families. But what happens if they can’t work?
That’s where Disability Insurance can help. Disability Insurance is a benefit that is paid directly to your members when they’re not able to work because of illness, injuries, pregnancy or childbirth. It can be used to pay expenses that their medical insurance doesn’t cover – like rent or mortgage, utilities, groceries, child care or other bills. It can be helpful to think about it this way: health insurance pays the doctor, while disability insurance pays your member.
Disability Insurance is a great way for you, as a Chapter Leader, to show value to your members. Most California educators are not eligible for state disability insurance programs. CTA members, however, are eligible for Disability Insurance through The Standard – the only CTA-endorsed carrier.
U.S. Federal Reserve Board, Changes in Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances, September 2014, Page 13. Available at http://www.federalreserve.gov/pubs/bulletin/2014/pdf/scf14.pdf. Accessed May 8, 2015.
U.S. Federal Reserve Board, Report on the Economic Well-Being of U.S. Households in 2014, May 2015.
Based on the survey conducted by Standard Insurance Company in 2015.
The CTA-endorsed Disability Insurance plan was designed to meet the unique income protection needs of CTA members. The plan has a number of great features and benefits to help provide you with the protection and peace of mind that you deserve. Just ask any of the more than 75,0001 CTA members who have chosen The Standard to protect their way of life and loved ones. Here’s how the plan works if you are disabled:
|Benefit Waiting Period||Lesser of seven consecutive regular days of required attendance or extra duty days of required attendance, or 30 calendar days.|
|During Sick Pay||$25 per regular day of required attendance on top of your fully-paid sick leave.|
|2 Benefit Years||After your fully-paid sick leave ends, we will pay you up to 75% of your regular daily contract salary, reduced by deductible income,2 for all regular days of required attendance in which you are disabled in each calendar month. Minimum benefit of $30 for each of these days, which could be $600 or more in a calendar month.|
|After the Second Benefit Year||Participants with fewer than 5 years of service with CalSTRS or CalPERS may receive up to 50% of their regular monthly contract salary, reduced by deductible income.* Minimum benefit of $500 per calendar month for which disability benefits are payable.|
Other Key Features:
- Covers disabilities that occur on or off the job.
- Covers extra duty pay such as coaching and tutoring for the first two benefit years.
- Pays $35 per day in addition to any other benefit payable when you are a registered, in-bed patient at a hospital (60 day maximum per disability) with no benefit waiting period.3
- No premiums are required while disability benefits are payable.
- Includes access to the CTA Advisory Panel on Endorsed Services.
Disability Insurance Premium Amounts
|Annual Contract Salary Ranges||Monthly Premium4||Eleventhly Premium4||Tenthly Premium4|
|$0 – $44,499||$19.14||$20.88||$22.97|
|$44,500 – $53,249||$23.02||$25.11||$27.63|
|$53,250 – $60,249||$27.20||$29.67||$32.65|
|$60,250 – $67,249||$30.75||$33.55||$36.89|
|$67,250 – $76,249||$34.19||$37.30||$41.03|
|$76,250 – $85,249||$38.36||$41.85||$46.03|
|$85,250 – $94,249||$42.63||$46.51||$51.16|
|$94,250 – $103,249||$46.91||$51.17||$56.29|
|$103,250 – $112,249||$51.18||$55.83||$61.42|
|$112,250 – $121,249||$55.46||$60.50||$66.55|
|$121,250 and over||$59.73||$65.16||$71.68|
- As of 3/31/2018, based on data developed by The Standard.
- Examples of deductible income (if currently insured, see your certificate of insurance for a full listing and exceptions): personal leave pay, severance pay, substitute differential pay, catastrophic/extraordinary leave bank, salary continuation, workers’ compensation, work earnings, social security, state disability, CalPERS/CalSTRS benefits.
- For the first two benefit years only. Note, the definition of hospital does not include nursing homes, convalescent homes or extended care facilities.
- How premiums are deducted (monthly, etc.) is determined by your employer.
Life Insurance is a key part of any financial plan. And making sure you have enough Life Insurance during your working years is a critical part of protecting your loved ones. The CTA-endorsed Term Life Insurance Plan was designed to supplement your existing Life Insurance or help you start new coverage. The plan has a number of great features and benefits, including optional coverage for your dependents and access to additional resources and services like the Life Services Toolkit and the Travel Assistance programs. Accidental Death and Dismemberment Insurance equal to the amount of your Life Insurance coverage (up to $200,000) is included at no additional cost.
Life Insurance Premium Amounts can be found here.
Life Insurance Key Features:
- Term Life Insurance coverage with options from $25,000 to $400,000.
- Optional Life and AD&D coverage for your spouse/domestic partner and children with your Life Insurance.
- Life Services Toolkit – Additional services that can make a difference now and in the future. Online tools and services can help insured members create a will, make advance funeral plans and put finances in order. After a loss, beneficiaries can consult experts by phone or in person, and obtain other helpful information online.1 Learn More
- Accelerated benefit provides advance payments of up to 80% of the amount of Life Insurance in force if you provide satisfactory proof to The Standard that, while insured, you have been diagnosed with a terminal illness with a life expectancy of less than 12 months.2
- Qualified disability benefit provides payment of up to 60% of the amount of Life Insurance in force if you provide satisfactory proof to The Standard that, while insured, you are unable to perform two or more activities of daily living.2
- Travel assistance provides insured members and their families access to a comprehensive range of professional, 24-hour medical, legal and trip assistance information, as well as referral and coordination services. This worldwide assistance service is available to plan participants whenever they are traveling 100 miles or more from home or when traveling in a foreign country for trips up to 180 days.3
- Continuation of coverage during total disability with payment of premium.
AD&D Insurance Key Features:
- Included with Life Insurance coverage at no additional cost.
- Offers additional protection against covered death or injuries.
- In the event of a covered death, it provides additional benefits to help surviving family members with expenses such as child care and higher education.
- The Life Services Toolkit is provided through an arrangement with Morneau Shepell and is not affiliated with The Standard. Morneau Shepell is solely responsible for providing and administering the included service. This service is not an insurance product. The Life Services Toolkit is provided through an arrangement with Bensinger, DuPont & Associates (BDA) and is not affiliated with The Standard. BDA is solely responsible for providing and administering the included service. This service is not an insurance product. The Life Services Toolkit is not available to Life insurance beneficiaries who are minors or to non-individual entities such as trusts, estates or charities.
- The amount paid under the benefit reduces the amount of the Life Insurance benefit paid upon your death.
- Travel Assistance is provided by Generali Global Assistance. Generali Global Assistance (GGA) is the marketing name used by GMMI, Inc. for their services, which is not affiliated with The Standard. Travel Assistance is subject to the terms and conditions, including exclusions and limitations of the Travel Assistance Program Description. GGA is solely responsible for providing and administering the included service. Travel Assistance is not an insurance product. This service is only available while insured under The Standard’s group policy.
Services for Insured Members
The Life Services Toolkit is available at no additional cost to those insured under a group Life Insurance policy from The Standard. These are some of the services available to the plan participants through the Life Services Toolkit:
- Estate Planning Assistance: Online tools, found in the Legal Forms section, walk you through the steps to prepare a will and create other documents, such as living wills, powers of attorney and health care agent forms.
- Financial Planning: Consult online services to help you manage debt, calculate mortgage and loan payments, and take care of other financial matters with confidence.
- Health and Wellness: Timely articles about nutrition, stress management and wellness help employees and their families lead healthy lives.
- Identity Theft Prevention: Information on ways to thwart identity thieves and resolve issues if identity theft occurs.
- Funeral Arrangements: Tool to calculate funeral costs, find funeral-related services and make decisions about funeral arrangements in advance.
Services for Beneficiaries
To help cope after a loss, Life Insurance beneficiaries can access these supportive services for 12 months after the date of death. Recipients of an Accelerated Benefit can also access these services for 12 months after the date the benefit is paid.
- Grief Support: Clinicians with master’s degrees are on call to provide confidential grief sessions by phone or in person. Beneficiaries are eligible for up to six face-to-face sessions and unlimited phone contact.
- Legal Services: Beneficiaries can obtain legal assistance from experienced attorneys. They can:
- Schedule an initial 30-minute office and a telephone consultation with a network attorney. Beneficiaries who wish to retain a participating attorney after the initial consultation receive a 25 percent rate reduction from the attorney’s normal hourly or fixed fee rates.
- Obtain an estate-planning package that consists of a simple will, a living will, a health care agent form and a durable power of attorney.
- Financial Assistance: Beneficiaries have unlimited phone access to financial counselors who can help with issues such as budgeting strategies, and credit and debt management, including hour-long sessions on topics requiring more in-depth discussion.
- Support Services: During an emotional time, beneficiaries can receive help planning a funeral or memorial service. Work-life advisors can guide them to resources to help manage household repairs and chores; find child care and elder care providers; or organize a move or relocation.
- Online Resources: Beneficiaries can easily access additional services and features on the Life Services Toolkit website for beneficiaries, including online resources to calculate funeral costs, find funeral-related services and make decisions about funeral arrangements.
Life Services Toolkit Access:
For Plan Participants: It is easy to access the Life Services Toolkit online – members can access the toolkit by logging in at www.standard.com/ctalifeservices.
For Beneficiaries: For login information, please call The Standard’s dedicated CTA Customer Service Department at 800.522.0406 (TTY), Monday through Friday, 7 a.m. to 6 p.m. Pacific Time.
The Life Services Toolkit is provided through an arrangement with Morneau Shepell and is not affiliated with The Standard. Morneau Shepell is solely responsible for providing and administering the included service. This service is not an insurance product. The Life Services Toolkit is not available to Life insurance beneficiaries who are minors or to non-individual entities such as trusts, estates or charities.