How would you pay the mortgage, make the car payment, buy groceries, pay for electricity and water, or handle any of your monthly bills if your paychecks suddenly stopped?
Group Disability Income Insurance is designed to provide you with a regular monthly income when you are Totally Disabled and unable to work as the result of a covered injury or sickness.
Even if you have some disability insurance through your employer, it may not be enough. Many employers provide only a short-term salary continuation plan or short-term disability income coverage. This coverage can be used to supplement benefits provided by your employer plan or as primary protection.
The U.S. (except LA, MT, NH, OR, SD, VT, WA and territories) and Puerto Rico.
View the Forms section and download a no–obligation application and brochure containing detailed information and provisions, including features, costs, eligibility, renewability limitations and exclusions.
MAA may be compensated with this sponsored group insurance to provide and maintain this valuable membership benefit.
Who is the underwriter?
How much insurance should I consider?
Who is eligible for this insurance?
Members under age 65 who are at FULL-TIME WORK (as defined in the brochure) are eligible to request coverage, provided their gross annual income is at least $20,000.00. (Student members are not eligible unless working full-time.)
This coverage is available to residents of the United States (except LA, MT, NH, OR, SD, VT, WA and territories) and Puerto Rico.
Can you explain the two options?
If you are Totally Disabled before age 63, benefits are payable up to age 65. There is a two year maximum benefit for Total Disabilities starting at ages 63 through 69.
Benefits are payable for up to five years for Total Disabilities commencing prior to age 60. For Total Disabilities starting at ages 60 through 62, benefits may continue up to age 65. For Total Disabilities starting at ages 63 through 69, benefits may continue for up to two years.
What is the waiting period?
How much insurance can I apply for?
How is Total Disability defined?
Will I meet with a sales person?
When is the coverage effective?
You will become insured on the date specified by New York Life Insurance Company provided the first premium contribution has been paid, satisfactory evidence of insurability has been submitted, and you are actively performing the normal activities of a person in good health of like age on that date. If you are not performing your normal activities as required, coverage will not become effective until the day you are performing such normal activities provided such date is within three months of the date insurance would have been effective and you are still eligible for insurance.
Note: For Residents of NC: Any references to the performance of normal activities by a person in good health of like age are replaced by the requirement that your health status remains the same as stated on your application.
Payment of a premium contribution for insurance does not mean there is any coverage in force before the effective date specified by New York Life Insurance Company.
When does the coverage end?
Are there any exclusions?
What if I have second thoughts after I apply?
When you become insured, you will be sent a Certificate of Insurance summarizing your benefits. If you are not completely satisfied with the terms of your Certificate of Insurance, you may return it, without claim, within 30 days. Your coverage will be invalidated and you will be sent a full refund—no questions asked!
The information on this site describes benefits available through this insurance program and is intended to provide a brief overview of the coverage. In the event of any conflict or inconsistency between the information on this site and the information contained in the underlying plan documents, the plan documents will in all respect control and govern. If any provision is not explained or only partially explained, your rights will always be determined under the provisions of the underlying plan documents.
Members may be compensated with this sponsored group insurance to provide and maintain this valuable membership benefit.