Long-Term Disability Insurance
| 2008 Employer Provided Long-Term Disability | |
| $.67 per $100 of monthly covered payroll |
The Church Life Insurance Corporation now offers long-term disability insurance (LTD) for clergy and lay employees. You must sign up for long-term disability within 60 days of hire date or it will be necessary to go through medical underwriting. There are NO open enrollment periods when you can enroll.
Long-term disability insurance is used to replace your earnings if you become permanently disabled or disabled for a period of longer than a year. Assuming that you remain permanently disabled, the LTD benefits will pay until you reach normal retirement age.
Church Life offers two kinds of LTD insurance. Both are billed on the regular monthly bill to the congregation from the Medical Trust.
- LTD may be offered as a fringe benefit by the employer.
- LTD may be purchased by the employee who reimburses the employer through a post-tax payroll deduction.
If the employee pays the premium, any LTD benefits collected will be non-taxable.
This information is not intended to be complete. Please visit the Church Pension Group website CLICK HERE and review the information on the long-term disability offerings. Then contact the Diocesan Finance staff if you still have questions. Theresa Stottlemire at theresa@azdiocese.org or Vicki Hohnbaum at vicki@azdiocese.org.
