IU Benefits at University Human Resource Services go to the IU Benefits homepage go to the University Human Resources homepage
Benefits home

SEE ALSO:

LTD Enrollment / Change / Termination Form

Group Long Term Disability Insurance
Premium Estimator

The information you enter in this calculator is not saved or submitted to any system.

The monthly premium of the LTD insurance selected will vary based on age, salary, and the coverage option selected. The premiums will automatically be deducted from payroll. Employees can estimate how much the monthly premium will be by using the table below.

HOW TO CALCULATE MONTHLY PREMIUMS:
       1. Choose the option you want.
       2. Locate your age.
       3. Find the corresponding rate in the column of the option you selected.

Option A: 180-day Benefit Waiting Period
Option B: 90-day Benefit Waiting Period
Option C: 180-day Benefit Waiting Period with the Annuity Contribution Benefit (retirement protection)
Option D: 90-day Benefit Waiting Period with the Annuity Contribution Benefit (retirement protection)

Age Range
Option A
Option B
Option C
Option D
Under 40
.00074
.00086
.00104
.00125
40-44
.00179
.00233
.00240
.00311
45-49
.00301
.00387
.00389
.00501
50-54
.00484
.00624
.00626
.00806
55-69
.00593
.00770
.00771
.01000
70 and over
.00887
.01144
.01153
.01487

 

PREMIUM ESTIMATOR
Enter your annual salary
Do not use dollar sign or commas.
Enter the rate from the table
Estimated monthly premium $

Your premium will automatically change based on your age and salary.

Long Term Disability Premiums Effective March 1, 2012.