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:
Company provided long-term disability coverage is effective the first of the month following your first service anniversary. If you wish to purchase additional coverage, you can do that during annual benefits enrollment that occurs in October/November each year.
Additional LTD
- Coverage is optional and employee-paid on a post-tax basis; you must enroll at the Aptia365 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).