When Disabled Most professionals have some form of income they can rely on during a period of disability. Many, however, have learned to their sorrow how short a time it takes to deplete savings and investments when earned income is cut off because of a prolonged disability. ACP-ASIM sponsors disability income insurance that can help provide financial security in the event of loss of personal income because of injury or sickness.
Applications are subject to approval by the underwriting insurance company.
Insurance will become effective on the date the request for coverage is approved by New York Life provided the initial contribution for insurance is paid in a timely manner and the member is actively at work on the date coverage is effective. Highlights Long Term Disability benefits can be paid up to age 65 when disabled by accident or sickness. Partial Disability and Residual benefits included with no additional premium. Definition Of Disability You are totally disabled if as a direct result of a covered injury or sickness you are unable to perform the material and substantial duties of your medical specialty or specialties and you are not working in any gainful occupation. The disability must be a medically determinable condition which began while this insurance was in force, and you are under the regular and direct care of a physician other than yourself or a family member.