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Disability Payment Details
How is the Long Term Disability Bonus Income Plan benefit payment determined?
The Long Term Disability Bonus Income Plan benefit payment is determined by taking 60% of your covered benefit amount up to $15,000 per month. The covered benefit amount is determined by applying the coverage option percentage to your eligible bonus. The 100% coverage option is subject to a maximum of $300,000. The 50% coverage option is subject to a minimum of $50,000 and a maximum of $150,000.
Maximum Benefit
The Plan's maximum benefit amount is $15,000 per month.
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Benefits effective June 6, 2008
© 2008 Marsh & McLennan Companies. All Rights Reserved. |
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