If you’re an Appraisal Institute Professional in good standing, under age 65, a resident of the United States (except VT, WA, and territories), or Canada (except Quebec), at FULL-TIME WORK*, and not in full-time military service, you’re eligible to apply for Monthly Benefits of:
- $500 to $5,000 (in units of $100) in AIIT Group Long-Term Disability Income Insurance
- $300 to $2,000 (in units of $100) in AIIT Group Short-Term Disability Income Insurance
The benefit amount you apply for under this plan, in combination with all other disability insurance in force or applied for, can’t exceed:
- 60% of your basic monthly earned income for the Long-Term Plan
- 70% of your basic monthly earned income for the Short-Term Plan
Earned income, if you are self-employed, is net monthly earnings after business expenses, before taxes. If you have incorporated, earned income includes the cost to the operation of your fringe benefits and the share of total contributions to corporate surplus for the preceding 12 months. Income from investments, royalties, etc., or other income for which no service or work is performed is not included in earned income. Otherwise, earned income means the basic rate of compensation from your employer excluding overtime, bonuses, and the like.
*Please see plan brochure for definitions of FULL-TIME WORK, TOTAL DISABILITY, and EARNED INCOME, as well as complete benefit descriptions of the Short-Term Plan, Long-Term Plan, and Future Purchase Option for the Long-Term Plan.
Complete details, including features, costs, eligibility, renewability, limitations, and exclusions are in the Certificate of Insurance. Certain state eligibility restrictions apply.