Long-Term Disability
The University of Memphis is partnering with the Tennessee Board of Regents to offer long-term disability (LTD) coverage to our eligible employees. The vendor offering this coverage is named Reliance Standard.
The special open enrollment period for this insurance has closed. LTD will be among the options for regular benefits open enrollment in the fall.
Protect your income in the event of a serious illness or accident by enrolling in voluntary long-term disability insurance with Reliance Standard. To learn more about long-term disability insurance, view the TBR LTD video.
PLEASE NOTE: Employees who were already enrolled in LTD through our previous vendor have already been transferred to this new vendor. These employees do not need to take any action if no changes are desired.
If you have additional questions, please contact benefits@memphis.edu.
Tennessee Board of Regents voluntary long-term disability plan replaces up to 60 percent of an employee’s base salary to a maximum monthly benefit of $7,000. Premium rates for this voluntary long term disability plan are calculated based on annual income.
| Plan Provisions | Level 1 | Level 2 | Level 3 |
|---|---|---|---|
| Maximum Monthly Benefit | $2,000 | $4,000 | $7,000 |
| Income Replacement Percentage | 50% | 60% | 60% |
| Elimination Period | 180 Days | 120 Days | 90 Days |
| Cost of Living Adjustment | 3% after 12 months. Limited to 5 increases | ||
| Rate Per $100 of monthly income | .114 | .185 | .219 |
Free Services
LTD coverage also includes free benefits such as identity theft protection and travel assistance (more info about covered travel services).