Long Term Disability (LTD) insurance is designed to pay a monthly benefit to you in the event you cannot work because of a covered illness or injury. This LTD benefit replaces a portion of your income, helping you to meet your financial commitments in a time of need. Buy-up LTD insurance offers you the opportunity to choose one of two levels of LTD coverage.
LTD insurance offered by City of Los Angeles allows you the opportunity to choose between the base LTD plan which is fully paid by City of Los Angeles or the LTD buy-up program. You pay 100 percent of the premium for the buy-up portion of this coverage through easy payroll deduction.
Evidence Of Insurability may be required for LTD buy-up. To submit a Medical History Statement online, visit: standard.com/mybenefits/losangeles/eeoi.html.
If the policy becomes effective and you do not elect the buy-up option, you will automatically be enrolled in the base LTD plan.
Use the Needs Estimator to determine if buy-up LTD insurance from The Standard may be part of the solution for you. To review eligibility requirements and for answers to commonly asked questions, costs, exclusions, limitations and reductions, please refer to the LTD Benefits at a Glance, LTD Buy-up Coverage Highlights and the LTD Certificate of Insurance.
Disability Facts: Did you know?
- Just over 1 in 4 of today's 20 year-olds will become disabled before they retire.1
- 67% of wage earners said their income is one of the three most important things in life, second only to health (based on a list of choices).2
- 57% of workers surveyed said they only had enough money to pay for 6 months or less of bills.3
1 U.S. Social Security Administration, Basic Facts, April 4, 2014
2 America's Income Protection Picture, 2014 Disability Awareness Study, Council for Disability Awareness.
3 America's Income Protection Picture, 2014 Disability Awareness Study, Council for Disability Awareness.