JTS provides long-term disability (LTD) coverage through New York Life for Owners (Class 1) only. If a covered injury or illness keeps you out of work past the 90-day waiting period, this plan replaces part of your income.
How it works
You’ll receive 60% of your monthly covered earnings, up to a maximum monthly benefit of $6,000, after a 90-day waiting period. Benefits can continue through your Social Security Normal Retirement Age. JTS pays the full cost of this coverage — there’s no payroll deduction.
What it doesn’t cover right away
A pre-existing condition — anything treated in the 12 months before your coverage started — isn’t covered for the first 12 months you’re insured.
Extra support included
Coverage comes with access to Healthy Working Life vocational support, Work Wellness online resources, and the same Employee Assistance & Wellness Support and Financial, Legal & Estate Support programs available under the life plans.