Introducing a NEW Long-Term Disability Insurance Plan for ABA members
ABE-sponsored Long-Term Disability Insurance for ABA members provides coverage designed specifically for lawyers offered only to ABA members. Notable special features include a unique Charitable Giving Feature, in which you can donate any dividends to support the charitable purposes of ABE and receive a charitable tax deduction.
So what could be better? The NEW ABE-sponsored Long-Term Disability Plus Insurance plan! This more comprehensive Long-Term Disability (LTD) plan, just announced, includes additional coverage features and options designed for lawyers:
• “Own Occupation” Coverage Includes Specialty of Law up to age 65
Unlike many other disability plans available today, this ABE Plan specifies that when you are totally disabled and completely unable to perform the material duties of your regular occupation, including your specialty of law, you will receive full benefits for a disabling accident or injury up to age 65. Even if you are able to perform the duties of another job or specialty, you can still collect benefits (except for disabilities due to mental illness which is limited to 2 years or 12 months for disabilities occurring after age 69).
• Presumptive Disability
You will be presumed totally disabled if injury or sickness results in total and irrecoverable loss of: speech; entire hearing in both ears; entire sight in both eyes; or the use of both hand, or both feet, or of one hand and one foot. You will automatically receive benefits whether or not you are able to work at any occupation or require regular physician care.
• Law School Loan Repayment Benefit Option
This add-on benefit (available to ABA members under age 40) will pay up to $200,000 to a qualified Financial Lending Institution on your behalf for an eligible loan incurred to pay for your law school education, if you were to become totally and permanently disabled prior to age 45.
• Catastrophic Disability Benefit Option
This optional benefit will pay an additional 25% of your selected monthly benefit if you were to become “Catastrophically Disabled,” meaning that you have lost the ability to safely and completely perform two or more Activities of Daily Living without stand-by help; or are cognitively impaired and need another person’s assistance or verbal cueing for your protection or for the protection of others; or you have a terminal illness. This benefit is payable in addition to any other benefit payable, including the additional benefit for hospitalization.
Get more information* and a personalized rate quote for this new Long-Term Disability Plus Insurance Plan.
Apply NOW to Protect Your Income!
If you do not have ABE-sponsored LTD insurance, please consider the additional coverage and options available under this plan. A typical employer-provided plan may only cover 50-60% of pre-disability income and may not include your specialty of law in the definition of disability. Get the LTD coverage designed by lawyers for lawyers by applying online today!
*Including plan features, costs, eligibility, renewability, limitations and exclusions.
ABE-sponsored group disability insurance is underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010 on Policy Form GMR.
All ABE-sponsored plans are group insurance plans, meaning coverage is issued to an ABA member under a Certificate of Insurance. It is not provided under an individual policy, nor is it employer/employee insurance. Plans may vary and may not be available in all states. This content is not intended for residents of New Mexico.
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