Long Term Disability Insurance (for non-VSDP employees)
What is it?
Long-term disability insurance protects your income and your standard of living should you be disabled for an extended period due to either an accident or sickness.
Who is eligible?
Faculty and staff who are currently enrolled in the traditional sick leave program (i.e. non-VSDP employees).
Why do I need it?
When considering Long Term Disability (LTD) coverage, ask yourself two questions:
(1) Is my sick leave balance sufficient to cover me in the event of a disabling illness or injury on or off the job?
(2) Could my family survive financially if I stopped getting a paycheck?
NOTE: If your answer to either question is no, LTD is worth further deliberation.
What is it at Mason?
The UNUM Long Term Disability (LTD) Insurance Plan, available at George Mason to full-time faculty and classified staff, is designed to protect your income should you become medically unable to work. Upon claim approval, non-taxable benefit payments begin after 90 days of total disability. During Open Enrollment each November, without any requirement to provide evidence of good health, you may purchase 25%, 40%, or up to 50% coverage of basic monthly earnings to a maximum benefit of $5000 per month. There are no offsets for Social Security disability benefits, Workers' Compensation, Retirement Plans, or individual LTD plans. Benefits are payable up to age 65*. However, there is a 24 month pre-existing condition clause for conditions existing in the 12 months prior to your effective date of coverage.
(*or later depending on age at disability)
For More Information....
Please visit the UNUM Provident website created specifically for George Mason University.