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If Your TACC is $60,000 or more
If your TACC in effect for a plan year is $60,000 or more, enrollment is optional. Please give serious consideration to the advantages of LTD coverage before deciding not to enroll, see "Advantages of Electing LTD Coverage."
You can choose long-term disability protection from among the following options:
  • The 50% option: Replacement of 50% of TACC up to $480,000, to a maximum monthly benefit of $20,000;
  • The 60% option: Replacement of 60% of TACC up to $400,000, to a maximum monthly benefit of $20,000; or
  • No coverage.
Your Group LTD benefit is subject to offset by other disability-related income benefits. Please see "Defined Terms" for the definition of "Benefits Offset."
If you elect "No Coverage" and your employment subsequently ends due to total disability, your participation in certain JPMorgan Chase benefits plans will end (see "If You Do Not Enroll"). If you do not enroll in Group LTD coverage, you may still elect Individual Disability coverage, if eligible.