Proprietary 8-22 11 Porting long-term disability insurance You can port your long-term disability insurance to an individual policy if you have been insured for at least 12 consecutive months under the Long-Term Disability Plan available through the Farmers Agent Group Benefits Program and your coverage ends for any reason except for the following: n You are or become insured under another group long-term disability plan within 31 days after your appointment agreement ends, n You are disabled under the terms of the plan, n You recover from a disability and do not reinstate your appointment agreement, or n Your coverage under the plan ends because: — The plan is cancelled, — The plan is changed to exclude the group of participants to which you belong, — You are no longer in an eligible group, — You end your working career or retire and receive payment from any retirement plan, or — You fail to pay the required premium under this plan. To continue coverage as an individual, you must apply in writing and pay your first premium within 31 days after your group coverage ends. Unum Enhanced Long-Term Disability Plan Your group Long-Term Disability (LTD) policy insures 60% of your new business income to a maximum of $15,000 a month ($180,000 a year). The individual Enhanced Long-Term Disability Plan (also referred to as the Individual Disability Insurance (IDI) with Guaranteed Long Term Care (LTC) Exchange Option) enables those who financially qualify to cover up to 60% of total insurable income up to $7,500 per month without evidence of insurability when first eligible to enroll. Amounts greater than $7,500 a month and/or any applications submitted outside of the newly eligible enrollment process will require evidence of insurability up to an overall monthly maximum of $15,000. In addition to the increased income replacement, plan will also pay an additional 40% income replacement (up to $12,500 a month) for a disability that is catastrophic in nature. In total, this could result in a 100% income replacement. Also, between the ages of 60 and 70, the entire individual plan can be converted to a Long-Term Care policy without medical evidence of insurability.
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