Attorney Disability Income

  • Eligibility
    • To apply, you must be under age 60.
    • You must be a member of one of the sponsoring Bar Associations, such as the New York Civil & Criminal Courts Bar Association, the Bar Assocation of Erie County, the Federation of Bar Associations of Western New York, or other sponsoring Bar Associations.


  • Coverage is guaranteed renewable as long as:
    • You are an Attorney under age 75, active in the profession
    • You are a member of the sponsoring Bar Association and the Association continues to sponsor the program.
      (Conversion policy available).


  • "Own Occupation" Coverage
    • If your occupation is limited to a recognized specialty within the scope of your degree or license, the Company will deem it to be your Occupation. Your Occupation is the Occupation you are engaged in at the time you become disabled.


  • Residual (Partial) Disability Protection
    • This benefit pays a percentage of your Total Disability benefit according to a loss of income formula if you are partially disabled.


  • Favorable Benefit Limits   
    • Under Age 50 - $17,000/month ($204,000/yr.)
    • Age 50-59 - $10,000/month ($120,000/yr.)
      (Based on Health & Financial Underwriting)


  • Customize your plan with a choice of Waiting Periods and Benefit Periods

 

  • Reasonable Rates
    • The group purchasing power of attorneys in the program and group administration results in favorable rates for attorney customers.


  • Valuable Optional Benefits Available
    • Recovery Benefit Rider This pays a lump sum benefit on your return to work in addition to the monthly disability benefits received during disability, if you have been receiving disability benefits for 45 days or longer.
    • Catastrophic Disability Benefits Plus - Pays an extra 30% of your monthly benefit if you are Cognitively Impaired or unable to perform at least two Activities of Daily Living, after six months
    • Cost of Living Adjustment (COLA) – After you have been on claim for one year, your benefit may be increased based on changes in the Consumer Price Index
    • Guaranteed Purchase Option – Available to customers under age 40, this is an option to increase your coverage by 25% on your second, fourth, sixth, and eighth policy anniversary dates, without medical underwriting.


Underwritten by Life Insurance Company of Boston & New York (Athol Springs, New York)

(Information provided is a summary only.  For complete terms and limitations, please refer to the applicable Certificate or Policy of Insurance.  Specimen copies available upon request.)

 

 

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NYCCCBA Members:

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 Bar Association of Erie County Members:

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