As you progress through your medical career, it's important that your insurance coverage – including your Disability Insurance – keeps pace with your income and your needs.
When you purchased your disability coverage you may have also paid for the Guaranteed Insurability Benefit (GIB) rider. If you have the GIB rider you have the right to increase your coverage
once a year with no medical questions asked, based on your earned income, but only between May 1st and May 31st.
Information for Residents
If you are a Resident and have your disability coverage under policy 59997 the maximum monthly benefit is $3500. Residents covered under policy 17849 are not eligible for the GIB.
To speed up the processing of your application to increase coverage, you please complete the
Request for Financial Documentation Form which authorizes the release of your financial documents for the purpose of providing coverage.
1. Financial verification is
not required for:
2. Financial verification
is required for all other GIB applications.
To help calculate the coverage you’ll need, just enter your current annual earned income (net after expenses) and the system will calculate the total Monthly Disability Income benefit you should have. No information is stored on your web browser or elsewhere from this calculation.
Current annual earned income:iEarned income is income derived from a member’s salary, fees, commissions, bonuses and any other customary expenses.
If you have any questions, contact us at 1.800.758.1641 or
Coverage can be increased in units of $100 up to the limits shown below.
A member on disability may exercise one option (for up to $1,000 of coverage in multiples of $100). The plan administrator will determine if the member is eligible to exercise the option based on financial underwriting.
Any additional coverage approved will not be paid as a benefit during the current period of disability. It will only be paid for a new disability.
You may exercise only one option (for up to $1,000 of coverage in multiples of $100) while on a leave of absence and/or parental leave.
Yes, the GIB option applies to members living anywhere in the world.
Yes, the additional coverage will match the existing coverage.
Yes. You can increase coverage above the GIB option limit with a regular disability application where both financial and medical verification will be required.
In order to be eligible, you must be working at least 25 hours per week and 46 weeks per year. Even if you are not eligible this year, you may check again during the next option period.