Long-Term Disability (LTD)

Long-Term Disability (LTD) is a monthly benefit payable in the event that, due to either sickness or accident, you are totally unable to perform your usual occupation and after 30 months any suitable occupation.

Only the Employment Classifications of full- or part-time employee younger than age 65 are eligible for this benefit. Your Center will notify you of your Employment Classification prior to enrollment in the Plan. There is no coverage for short-term employees or consultants.

Once the claim has been approved by Utmost after the 180 day waiting period, you will receive 70% of your monthly salary earned prior to disability less other income as noted in the IARC Death & Disability Benefit Plan Explanatory Booklet, plus retirement contributions for those who participate in the IARC Retirement Plan.

The Plan offers a level of free coverage to which you are entitled without the need to provide the insurer with any evidence of health. This means that —

1. if your LTD benefit does not exceed the maximum Free Cover Limit of $300,000 per annum of base salary, you are immediately accepted under the Plan for full benefits; or
2. if your LTD benefit exceeds the maximum Free Cover Limit, you will need to follow the underwriting process as described in the IARC Death & Disability Benefit Plan Explanatory Booklet.

Effective Date of Coverage

If you are classified as a full- or part-time employee, LTD coverage becomes effective on the date of employment at your Center and LTD will end on the day you die or terminate employment from your Center or turn 65 years of age.