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Long Term Disability Short Term Disability (STD)—Cigna
(LTD)—Cigna Short Term Disability is available for purchase at group rates through our
Long Term Disability insurance is Life and LTD provider, Cigna. Short Term Disability is coverage in the
provided to all eligible, full-time event you are not able to work due to illness or accident on a short-term
employees of First Bank. basis. This beneit will provide you with income during your leave of
absence. Evidence of insurability is not applicable if you elect the beneit
In the event a disability keeps you when irst eligible, however, if elected later, evidence of insurability
off the job for more than 90-days, will be required. The cost to you is determined by your rate of pay and,
LTD insurance will pay 60 percent because the premium is paid by you as an after-tax deduction from your
of your monthly income to a pay, the beneit you receive is paid to you on a tax free basis. First Bank’s
maximum of $15,000 per month. STD program pays 60 percent of income on a weekly basis to a maximum
As an added beneit, First Bank of $1,000 per week. You are eligible to receive beneits under this plan
adds the cost of the premium after a waiting period of 14 days of disability. Payments continue until you
for LTD insurance to your semi- return to work, are no longer disabled, or LTD becomes effective. First
monthly paycheck; then, the Bank Bank does not offer the STD beneit in California, where employees are
immediately deducts the cost covered by a state disability plan.
of this premium as an after-tax
deduction. Because this is shown Life Insurance with Long Term Care
as an after-tax deduction on your Protection—Trustmark
paycheck, should you ever receive
LTD beneits, they will be paid to Life insurance is combined with a provision to pay for Long Term Care
you on a tax-free basis—making services. The Long Term Care portion of the plan works similarly to
your income signiicantly closer to an accelerated death beneit. The Long Term Care payments are paid to
your normal take-home pay. the insured while receiving qualiied LTC services, once an elimination
period of care is met. However, unlike most accelerated death beneits,
the original death beneit can be restored as the LTC beneits are being
used to provide the full face amount of the policy to the beneiciary upon
death. Rates are based on age at time of enrollment and evidence of
insurability is required if not elected when irst eligible.
First Bank
Long Term Disability Short Term Disability (STD)—Cigna
(LTD)—Cigna Short Term Disability is available for purchase at group rates through our
Long Term Disability insurance is Life and LTD provider, Cigna. Short Term Disability is coverage in the
provided to all eligible, full-time event you are not able to work due to illness or accident on a short-term
employees of First Bank. basis. This beneit will provide you with income during your leave of
absence. Evidence of insurability is not applicable if you elect the beneit
In the event a disability keeps you when irst eligible, however, if elected later, evidence of insurability
off the job for more than 90-days, will be required. The cost to you is determined by your rate of pay and,
LTD insurance will pay 60 percent because the premium is paid by you as an after-tax deduction from your
of your monthly income to a pay, the beneit you receive is paid to you on a tax free basis. First Bank’s
maximum of $15,000 per month. STD program pays 60 percent of income on a weekly basis to a maximum
As an added beneit, First Bank of $1,000 per week. You are eligible to receive beneits under this plan
adds the cost of the premium after a waiting period of 14 days of disability. Payments continue until you
for LTD insurance to your semi- return to work, are no longer disabled, or LTD becomes effective. First
monthly paycheck; then, the Bank Bank does not offer the STD beneit in California, where employees are
immediately deducts the cost covered by a state disability plan.
of this premium as an after-tax
deduction. Because this is shown Life Insurance with Long Term Care
as an after-tax deduction on your Protection—Trustmark
paycheck, should you ever receive
LTD beneits, they will be paid to Life insurance is combined with a provision to pay for Long Term Care
you on a tax-free basis—making services. The Long Term Care portion of the plan works similarly to
your income signiicantly closer to an accelerated death beneit. The Long Term Care payments are paid to
your normal take-home pay. the insured while receiving qualiied LTC services, once an elimination
period of care is met. However, unlike most accelerated death beneits,
the original death beneit can be restored as the LTC beneits are being
used to provide the full face amount of the policy to the beneiciary upon
death. Rates are based on age at time of enrollment and evidence of
insurability is required if not elected when irst eligible.
First Bank
