If you purchase Long-Term Disability Insurance on your own, you may choose:
- Replacement of 25% compensation with maximum of $5,000 per month.
- Replacement of 50% compensation with maximum of $5,000 per month.
Monthly premium for clergy
| Salary Ranges | 25% Option | 50% Option |
|---|---|---|
| Less than $25,000 | $14 | $23 |
| $25,000 to $44,999 | $26 | $44 |
| $45,000 and above | $50 | $86 |
How much coverage do I need?
In part, that depends on other disability benefits you may have. And keep in mind:
- Pension benefits for clergy begin as soon as you retire because of disability.
- Social Security benefits may begin after five months of disability.
- Long-Term Disability Insurance benefits begin after a year of disability.
With the Church Pension Fund's pension disability benefit and Social Security disability payments, most clergy with 18 or more years of projected credited service to age 65 are likely to need only the 25% option for Long-Term Disability Insurance. Clergy with fewer years of projected service should look carefully at the 50% option.
When you pay the premium, the plan does not reduce your benefits when you have other disability benefits. According to FirstU NUM, 60% of those approved for disability payments after a year of being disabled are also approved for Social Security disability benefits. After two years, 80% are approved by Social Security.
You can take it with you
Once you have been insured for at least 12 months, if you leave your job you may pay First UNUM directly to continue your coverage for a period of time. However, First UNUM must receive your portability application within 30 days of your termination date.
| Long-Term Disability Insurance | View |
|---|---|
| Voluntary Long-Term Disability Insurance Summary |  |
| Voluntary LTD Portability Application | |
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