The Disability Insurance Program is structured to prevent a lapse in pay if you are out of work due to non-work related illness or disability. BB&T offers two coverage options:
50% Disability Option
60% Disability Option
Each option continues a different percentage of your monthly Benefits Annual Rate after you have exhausted your annual Sick Pay days. To receive disability pay, your absence must be certified by your doctor and approved by our Disability Insurance carrier, The Hartford. If you are not approved for disability, any continued absence will be without pay.
BB&T provides the 50% Disability Option to associates at no cost. The premium for the 60% Disability Option is based upon your individual Benefits Annual Rate and your age.
Disability premiums are paid on an after-tax basis so the benefits received from the plan are not taxable to you.