The loss of income due to illness or injury can cause serious financial hardship for your family. Disability insurance replaces a portion of your income to help you continue paying your bills and meeting your financial obligations during this difficult time.
- Coverage is automatic and Company-paid; no need to enroll.
- Benefit begins after seven consecutive calendar days of disability.
- Replaces 100% of basic earnings for a period of time (based on years of service), then 60% for an additional period.
- Benefits end after 26 weeks.
Important note for Transamerica Agency Network employees:
STD coverage only applies to Agency Coordinators, Managing Directors and Associate Directors.
- Coverage is automatic and Company-paid; no need to enroll.
- Benefit begins after you have been disabled for 26 weeks.
- Benefit replaces 50% of basic earnings up to $25,000/month.
Important note for Transamerica Agency Network employees:
LTD coverage takes effect the first of the month following your first service anniversary with the Company.
Additional LTD
- Coverage is optional and employee-paid on a post-tax basis; you must enroll at the Mercer Marketplace 365+ website. Learn how to access the site.
- Benefit replaces an additional 10% of basic earnings, up to a total of 60% of your salary, (up to a maximum of $25,000/month).