Disability Insurance

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.

Umbrella Partners 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 your first 30 days as a new hire, 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-provided)	Long-term disability (company-provided)	Long-term disability buy-up
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	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

Long-term disability premium rates 

	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.

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.