Allison-Brock, Inc. is proud to have served unions with disability benefit plans since 1987



How to Calculate LTD Benefit
Monthly Premium

  • Premium Insurance Rates for LTD Coverage are composite rates for the whole group covered under the Union LTD Plan.  This allows everyone in the plan to pay the exact same Insurance Rate for coverage.

  • The LTD Plan composite Rate is charged per each $100 of earned monthly income insured under the LTD disability contract.

  • An example of a calculation for the monthly premium of a LTD plan is as follows using a classified hourly wage rate of $27.00 per hour:

      $27  per hour wage rate
      x40  hour work week
 $1,080 weekly wage base
      x52  weeks per year
$56,160  Base Annual Salary
     12  months per year
  $4,680  classified wage
  x.0066  .66 per $100 insurance rate
  $30.89  monthly cost for LTD Plan



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Allison-Brock, Inc.
P.O. 8727
Roanoke, VA 24014
1-877-347-7687 Toll-Free


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