Page 12 - DataMax Benefits Enrollments Guide
P. 12
Long-Term Disability
Policy# 01-0013697
Long-Term Disability with Lincoln Financial Group
This benefit is paid 100% by DataMax Corporation for eligible employees
Benefit amount is 60% of insured’s monthly earnings
Maximum monthly benefit: $5,000
Minimum monthly benefit: $50
Elimination period: 90 days of disability due to the same or related Sickness
or Injury (no benefits during this time), which must be accumulated within
a 180 day period
Cost of living percentage: 3% maximum.
Maximum benefit period is to Social Security Normal Retirement Age, or
the maximum benefit period shown below (whichever is later)
Age at Disability Maximum Benefit Period
Less than age 60 To age 65
60 60 months
61 48 months
62 42 months
63 36 months
64 30 months
65 24 months
66 21 months
67 18 months
68 15 months
69 and over 12 months
11 |