You may choose the maximum payment period, elimination period, and monthly benefit amount that best meets your needs. These features help you manage and control the cost of your benefit plan.
The maximum payment period (also commonly referred to as the “benefit period”) is the maximum period of time for which benefits are paid by this plan.
The elimination period (also commonly referred to as the “waiting period”) is the period of time you must be disabled, due to a covered disability, before this plan’s benefits are payable.
The monthly disability benefit amount is the amount that you choose and Guardian approves as your maximum monthly disability benefit in this plan. This amount cannot be more than 60% of your monthly insured earnings. Current additional underwriting limits may apply. At the time of claim, your combined group monthly disability benefits cannot exceed 60% of your monthly insured earnings. If you already own an Individual Disability policy, your combined individual and group monthly disability benefits cannot exceed 100% of your monthly insured earnings.
Available Monthly Disability Benefit Amounts: $100, $500, $750, $1000, $1250, $1500, $2000, $2500, $3000, $3500, $4000, $4500, $5000, $5500, $6000, $6500, $7000, $7500, $8000, $8500, $9000, $9500, $10000.
Available Maximum Payment Periods: To age 65, 5 Years, 2 Years
Available Elimination Periods: 90 Days, 180 Days, 360 Days