Trust Income Protection


How much income protection insurance is recommended?

We suggest that you purchase a policy that will replace at least 60% of your current gross annual income (after business expenses). Because the policy is paid for with after-tax dollars and the benefits are tax-free when you receive them, you actually replace close to 85% of your take-home pay.

What is the definition of disability?

You are considered disabled if you cannot perform the duties of your own occupation. These plans are designed for psychologists by psychologists who understand your profession.

Who provides the coverage?

Liberty Mutual, the country's largest insurer of workers' compensation, provides the coverage for this plan. Liberty Mutual is an A.M. Best A+ rated insurer and has covered APA members for over 40 years.

What does this coverage cost?

The Premium Calculator reflects the annual rates for each age group. To inquire on individual custom quotes or to receive more information, you can call The Trust at 1-800-477-1200 or the plan administrator (Liberty Mutual) at 1-888-287-8494, option 3.

How do I qualify for the plan?

All you need to do to be eligible for coverage is to demonstrate your good health by completing an Application for Group Income Protection. Once you're insured with us, you will never have to prove your insurability again. You can even increase your benefit up to 10% each year without having to answer any health-related questions.

Which waiting period should I choose?

You should select a waiting period to coincide with the expiration of savings or short-term disability payments. The plan becomes less expensive when you postpone the payment of benefits for as long as possible.

What happens if I have another disability policy in addition to this one?

The monthly amount paid to you by The Trust is reduced by disability benefits you receive under any state or federal program and social security benefits you receive. The plan does not reduce benefits for other disability benefit paid to you; however, your total benefit cannot exceed 70% of your pre-disability income.

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For more detailed answers, or if your question was not answered here, please call us at 1-800-477-1200.

Rates shown are subject to change.

* For renewal only.