The ACS Member Insurance Program offers two different disability insurance options:
This coverage is primarily designed to cover temporary disabilities lasting two years or less.
This coverage is primarily designed to cover lengthy disabilities lasting two years or more.
Here's a statistic to consider when you're thinking about how long you may want coverage for: the average length of a long-term disability claim ranges from 2.1–3.2 years (range dependent on age).2
That's longer than the benefit duration of our short-term plan. But for some people, the 24-month option makes more financial sense. If you have enough money in savings to comfortably get you through a potential disability lasting longer than 24 months, the lower premiums in our short-term plan can help to put you ahead.
You don't have to worry about the same time constraints with the long-term plan, but the tradeoff is paying a little more each billing cycle.
If you want extra protection, you can have both a short-term and long-term plan at the same time. Doing this takes the timing and guesswork out of the equation.
Our disability coverage provides the following:
It is also important to note what the definition of total disability is. You'll start receiving benefits from this coverage after your designated waiting period is over from the date you become totally disabled.
Total disability is defined as:
"An incapacity that completely and continuously prevents the insured from doing the material and substantial duties of their regular occupation during the waiting period and during the next 60 consecutive months; and thereafter, the incapacity to do the material and substantial duties of any occupation for which they are or may become qualified by reason of education, training, or experience."
When you're too injured or sick to work, disability insurance can be a real lifeline. Taking away the added stress of financial uncertainty lets you focus on recovering and–hopefully–getting back to your regular way of life sooner rather than later.
If you don't yet have disability insurance, consider applying now. Your income is too important to leave to chance.
ACS Group Disability Insurance is backed by a society you trust and an insurance carrier with over 175 years of experience rated A++ for financial strength by A.M. Best.6
1Velasquez, Francisco. "Over half of Americans have less than 3 months worth of emergency savings." CNBC, 2021
2El, Aten-Re. "95+ Disability Insurance Stats & Disability Facts (2021)." Simply Insurance, 2022.
3Monthly benefit amount cannot exceed 60% of your monthly income.
4So long as you remain an ACS member in good standing and pay your premiums when due
5This feature requires an additional fee.
6New York Life financial strength rating currents as of 10/18/22
New York Life Insurance Company is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group policies it underwrites are available in all jurisdictions. Please check the benefit details sections for current availability. New York Life Insurance Company's state of domicile is New York, and NAIC ID# is 66915.
The complete descriptions of the ACS Group Term Life Insurance Plans are contained in the Certificates of Insurance, including features, costs, eligibility, renewability, limitations, and exclusions. Underwritten by New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010, under Group Policy GMR-G-29204/FACE, GMR-G-29200/FACE and GMR-G-20205 FACE. Brokered and serviced by Pearl Insurance Group, LLC, Peoria, IL.
This material is not intended for use with residents of New Mexico with respect to Disability Income Insurance.