Disability Insurance 

The loss of income due to illness or injury can cause serious financial hardship for your family. Disability insurance replaces a portion of your income to help you meet your financial obligations during this difficult time. 

Chubb provides short-term disability (STD) and long-term disability (LTD) insurance at no cost to you. During Annual Enrollment, you have the option to purchase additional LTD buy-up coverage, through New York Life, to include any earnings from your annual performance bonus or commissions in your LTD coverage. 

No Evidence of Insurability (EOI) is required to purchase LTD buy-up during a new hire’s initial enrollment period, which means there’s no health assessment before being approved for coverage. Employees can elect LTD buy up during the initial new hire enrollment or during Annual Enrollment. This coverage cannot be elected at a different time during the year.

Short-term disability (company-paid)	Long-term disability (company-paid)	Long-term disability buy-up (employee-paid)
Company-paid, automatic enrollment Benefits begin on day six of your disability and are retroactive to the first day of your disability Pays 60% or 100% of your salary (based on your length of service) for a maximum of 26 weeks Administered through ESIS (Note: New York Life administers and pays statutory disability benefits for employees in New York, New Jersey and Hawaii)	Company-paid, automatic enrollment Benefits begin after 26 weeks of disability. Pays 60% of your annual base salary, up to a maximum of $25,000 per month Provided through New York Life	Employee-paid, you choose to enroll Benefits begin after 26 weeks of disability Pays 60% of your total compensation, including prior year bonus and/or commissions to receive up to a combined maximum (company-provided benefit plus buy-up) of $30,000 per month Provided through New York Life

LTD premium rates

You may choose to purchase additional LTD insurance to cover your bonus and/or commissions to receive 60% of your total compensation, up to a combined maximum (your company-provided LTD amount plus your LTD buy-up amount) of $30,000 per month.

	Age	Bi-weekly rate
Buy-up (per $100 of covered payroll)	40	$0.174
	41-50	$0.542
	51-60	$0.968
	61	$0.889
LTD buy-up example
Age		45
Eligible performance bonus and/or commission1		$10,000
Calculation Divide performance bonus and/or commissions of $10,000 by 100 Multiply amount by age-based rate Divide by 26 pay periods $10,000/100 = $100 $100 x $0.542 = $54.20 $54.20/26 pay periods = $2.08

¹LTD buy-up is calculated using the eligible bonus and/or commissions earned in the previous year. Your 2024 LTD buy-up uses 2023 eligible earnings.

Learn More

• View Long Term Disability Highlight Flyer

• View Long Term Disability Summary Flyer

• Chubb US Disability Plans SPD

• Long Term Disability FAQ

• Group Long Term Disability Insurance Certificate

Get Started

Annual Enrollment is your only opportunity to enroll in buy-up LTD insurance. You cannot add this coverage at any other time, even with a qualifying life event.