Disability Benefits
What you need to know
You’re protected financially when you’re unable to work because of your own injury or medical condition (including pregnancy), or because you’re caring for a family member who is ill or injured.
Short-Term and Long-Term Disability
- Group short-term disability insurance: Benefits are paid for a maximum of 180 calendar days if you are deemed disabled by Unum.
- Group long-term disability insurance: If your disability lasts beyond 180 calendar days, this benefit replaces 60% of your pre-disability base pay, up to a maximum benefit of $20,000 per month for associates, officers, and directors and $15,000 per month for all other employees.
Voluntary Supplemental Long-Term Disability
Goodwin provides group long-term disability (LTD) coverage automatically for you. However, you may wish to supplement this coverage by purchasing a buy-up option through Unum that provides 75% insurable income replacement in the event of disability.
Voluntary LTD Features
- A 25% discount because this is an employer-sponsored program
- Tax-free benefits
- Individually owned coverage that you can take with you if you leave the firm
- No increase in premiums until age 65