How Individual Disability Insurance ("IDI") Works
This section explains how Individual Disability Insurance ("IDI") coverage works. Unum is the claims administrator for IDI.
Individual Disability Insurance ("IDI") coverage is available if your Total Annual Cash Compensation (TACC) is more than $400,000 (or $480,000 if you elected the 50% Group LTD option). IDI provides a level of income replacement should you continue to be disabled for more than 180 days. Individual Disability Insurance coverage is fully portable insured by Unum. IDI provides an additional maximum monthly benefit of up to $15,000, based on your TACC.
Once issued, your Individual Disability Insurance is noncancelable and guaranteed renewable to age 65, which means that as long as premiums are paid on time, the provisions and premiums are guaranteed until age 65. Renewal premiums for individual coverage may change if:
You can renew coverage after age 65 by paying premiums as long as you are working at least 20 hours per week, regardless of your age. IDI is fully portable.