Disability Insurance: An Overview of Plans Offered

You may carry insurance on important and valuable items in your life like you home and auto, but have you considered protecting one of your most crucial assets? Your ability to earn an income. It may seem unfathomable to someone who is healthy; however, one-in-four individuals in the US will experience a disability in their lifetime and Peace Officers may experience periods of disability at a higher rate due to their line of work.

The Insurance and Benefits Trust of PORAC (IBT) offers participating associations access to Group Short and Long Term Disability (STD/LTD) plans. These STD/LTD plans provide the protection you will need by replacing a percentage of your income should you become disabled and unable to work. This gives you the peace of mind needed to continue supporting yourself and your family.

Currently, there are over 23,000 PORAC members from more than 190 participating associations enrolled in the IBT’s disability plans. The STD/LTD plans offered through the IBT have several coverage options available to best suit an association’s specific needs. Each of the group disability plans provide accidental death benefits of up to $65,000, which covers you on and off duty 24/7.

There are two main types of disability coverage – Short Term and Long Term coverage. Both replace a portion of your lost income up to a maximum amount. Short Term Disability (STD) plans typically provide benefits for a few months up to one year as long as you’re unable to perform the duties of your occupation.

Long Term Disability (LTD) plans typically provide benefits until your disability ends or until you reach retirement age. The LTD plan offered through the IBT is administered through MetLife, one of the largest disability insurance providers in the nation. MetLife has been insuring people for over 150 years and has a financial strength rating that is among the highest in the industry.

On behalf of the Insurance and Benefit Trust, we’d like to thank our currently participating associations for their continued confidence and trust in us as your Disability Plan provider. If your association does not currently participate in the Group STD/LTD plans, we would welcome the opportunity to meet and discuss the plans with you.

For questions regarding the STD/LTD plans, call the IBT at (800) 655-6397 or review the Disability Plan Comparison to learn more..

Featured in the June 2024 issue of PORAC Law Enforcement News.