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Long Term Disability Insurance Schedule Exhibit
AT A GLANCE...what your LTD beneits would look like with just the base beneit versus what your beneit
could be with the buy up option.
Additional Covered Employee
Your GLG Paid Annual Earnings Buy Contribution Per Total Monthly Beneit
Annual Salary Monthly Beneit Up Option Pay Cycle with Buy Up
$110,000 $5,000 $10,000 $6.42 $5,500
$120,000 $5,000 $20,000 $7.00 $6,000
$130,000 $5,000 $30,000 $7.58 $6,500
$140,000 $5,000 $40,000 $8.17 $7,000
$150,000 $5,000 $50,000 $8.75 $7,500
$160,000 $5,000 $60,000 $9.33 $8,000
$170,000 $5,000 $70,000 $9.92 $8,500
$180,000 $5,000 $80,000 $10.50 $9,000
$190,000 $5,000 $90,000 $11.08 $9,500
$200,000 $5,000 $100,000 $14.17 $10,000
$210,000 $5,000 $110,000 $14.88 $10,500
$220,000 $5,000 $120,000 $15.58 $11,000
$230,000 $5,000 $130,000 $16.29 $11,500
$240,000 $5,000 $140,000 $17.00 $12,000
$250,000 $5,000 $150,000 $17.71 $12,500
$260,000 $5,000 $160,000 $18.42 $13,000
$270,000 $5,000 $170,000 $19.13 $13,500
$280,000 $5,000 $180,000 $19.83 $14,000
$290,000 $5,000 $190,000 $20.54 $14,500
$300,000 $5,000 $200,000 $21.25 $15,000
The following is an example of an employee whose annual earnings are $150,000—note the difference
Company Paid LTD vs. Buy-Up LTD
Long Term Disability Company Paid LTD Buy-Up LTD
Employee Annual Salary $150,000 $150,000
Monthly Beneit $5,000 $7,500
Additional Premium N/A $8.75 per pay period
GLG’s company paid LTD beneit is taxable to improve the beneit payout. With this arrangement, the
premium amount paid is included in your taxable income and reported on your W-2. Since the premium
paid is taxed, should you need to go onto LTD the LTD payment will be nontaxable. GLG offers both a
base and a buy-up plan, with GLG paying 100% of the premium for the base coverage, and the buy-up
coverage is offered on a post-tax basis paid by the employee.
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AT A GLANCE...what your LTD beneits would look like with just the base beneit versus what your beneit
could be with the buy up option.
Additional Covered Employee
Your GLG Paid Annual Earnings Buy Contribution Per Total Monthly Beneit
Annual Salary Monthly Beneit Up Option Pay Cycle with Buy Up
$110,000 $5,000 $10,000 $6.42 $5,500
$120,000 $5,000 $20,000 $7.00 $6,000
$130,000 $5,000 $30,000 $7.58 $6,500
$140,000 $5,000 $40,000 $8.17 $7,000
$150,000 $5,000 $50,000 $8.75 $7,500
$160,000 $5,000 $60,000 $9.33 $8,000
$170,000 $5,000 $70,000 $9.92 $8,500
$180,000 $5,000 $80,000 $10.50 $9,000
$190,000 $5,000 $90,000 $11.08 $9,500
$200,000 $5,000 $100,000 $14.17 $10,000
$210,000 $5,000 $110,000 $14.88 $10,500
$220,000 $5,000 $120,000 $15.58 $11,000
$230,000 $5,000 $130,000 $16.29 $11,500
$240,000 $5,000 $140,000 $17.00 $12,000
$250,000 $5,000 $150,000 $17.71 $12,500
$260,000 $5,000 $160,000 $18.42 $13,000
$270,000 $5,000 $170,000 $19.13 $13,500
$280,000 $5,000 $180,000 $19.83 $14,000
$290,000 $5,000 $190,000 $20.54 $14,500
$300,000 $5,000 $200,000 $21.25 $15,000
The following is an example of an employee whose annual earnings are $150,000—note the difference
Company Paid LTD vs. Buy-Up LTD
Long Term Disability Company Paid LTD Buy-Up LTD
Employee Annual Salary $150,000 $150,000
Monthly Beneit $5,000 $7,500
Additional Premium N/A $8.75 per pay period
GLG’s company paid LTD beneit is taxable to improve the beneit payout. With this arrangement, the
premium amount paid is included in your taxable income and reported on your W-2. Since the premium
paid is taxed, should you need to go onto LTD the LTD payment will be nontaxable. GLG offers both a
base and a buy-up plan, with GLG paying 100% of the premium for the base coverage, and the buy-up
coverage is offered on a post-tax basis paid by the employee.
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