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Overview

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.

Short-Term Disability (STD)

  • 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.

Long-Term Disability (LTD)

  • 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).