Disability
A financial safety net should you become unable to work.
Lincoln Financial
- (800) 320-7585
- www.mylincolnportal.com
Group #: 40-444824
Short-term disability insurance salaried partners Direct Link
Short-term disability pays a portion of your earnings while you are temporarily disabled. Partners in California, Hawaii, New Jersey, New York and Rhode Island are also covered under a state disability plan. Short-term disability benefits from Petco are reduced by payments you receive from state plans. Officers and directors are not eligible for buy-up coverage.
| Coverage | Waiting Period | Coverage Amount | Paid by |
|---|---|---|---|
| Basic short-term disability | 7 days | 60% of eligible weekly earnings up to: - Salaried partners: $500 - Directors: $2,000 - Officers: $3,500 | Petco |
| Buy-up short-term disability1 | 7 days | 67% of eligible weekly earnings up to: - Salaried partners: $1,500 | You |
1Officers and Directors are not eligible for Buy-up coverage.
Long-term disability insurance salaried partners Direct Link
Long-term disability provides financial protection in the event you are unable to work for an extended period of time. Benefits begin after 180 days of disability and continue until you are no longer disabled or reach age 65 (if you become disabled at age 60 or younger). If you become disabled after age 60, benefits continue according to a schedule. Refer to the Summary Plan Description for more information.
| Coverage | Waiting Period | Coverage Amount | Paid by |
|---|---|---|---|
| Voluntary long-term disability | 180 days | 50% of monthly earnings up to a max benefit of $10,000 per month | You |
Evidence of insurability (EOI) Direct Link
If you elect buy-up short or long-term disability after your initial eligibility period, evidence of insurability is required to have buy-up coverage. For short and long-term disability coverage, EOI is an application process in which you provide information on the condition of your health to get certain types of insurance coverage.
Short-term disability insurance hourly partners Direct Link
Short-term disability pays a portion of your earnings while you are temporarily disabled. Partners in California, Hawaii, New Jersey, New York and Rhode Island are covered under a state disability plan and are not eligible to participate in voluntary short-term disability.
| Coverage | Waiting Period | Coverage Amount | Paid by |
|---|---|---|---|
| Voluntary short-term disability | 7 days | 60% of eligible weekly earnings up to $500 per week | You |
Long-term disability insurance hourly partners Direct Link
Long-term disability provides financial protection in the event you are unable to work for an extended period of time. Benefits begin after 180 days of disability and continue until you are no longer disabled or reach age 65 (if you become disabled at age 60 or younger). If you become disabled after age 60, benefits continue according to a schedule. Refer to the Summary Plan Description for more information.
| Coverage | Waiting Period | Coverage Amount | Paid by |
|---|---|---|---|
| Voluntary long-term disability | 180 days | 60% of your monthly earnings up to $2,000 per month | You |
Evidence of insurability (EOI) Direct Link
If you elect voluntary short or long-term disability after your initial eligibility period, evidence of insurability is required to have voluntary coverage. For short and long-term disability coverage, EOI is an application process in which you provide information on the condition of your health to get certain types of insurance coverage.