SUPPLEMENTAL INDIVIDUAL
DISABILITY INCOME INSURANCE
At Barclays, we understand the importance of being
prepared for life's uncertainties. We’re pleased to offer
Individual Disability Income Insurance as a supplement to our
Group Long Term Disability Plan. This voluntary, employee-paid
benefit provides additional protection for your income.
We have engaged Lenox Advisors, specialists in corporate and
individual benefits plans, to assist you in evaluating your needs.
Your assigned representative will review the offering and assist in
the application process. This coverage is being issued by MassMutual,
one of the leading providers of individual, non-cancelable
disability income insurance.
Americans are not prepared for the expenses that come with a disability.
Everything rests on your ability to earn an income. The potential loss could be overwhelmingly devastating. That's why it's essential to have sufficient disability income insurance in case you find yourself with a limited capacity to earn an income, or even worse, unable to earn an income at all.
How do households manage without a paycheck?
Potential Amount of Income Risk
The table below illustrates the present value you would currently need to sustain your income should you become disabled and cannot work.
Barclays provides group long term disability insurance to help you prepare for the possibility of a disabling injury or sickness. You are eligible to receive benefits after a 180-day waiting period and benefits can continue through your Social Security Normal Retirement Age. Benefits can be offset by Social Security Disability, Workers Compensation, and other potential sources. Please refer to your group policy document.
Definition of Disability: Due to sickness or as a direct result of accidental injury. You are receiving appropriate care and treatment and complying with the requirements of such treatment; and you are unable to earn:
- During the Elimination Period and the next 24 months of sickness or accidental injury, more than 80% of your pre-disability earnings at your own occupation from any employer in your local economy; and
- After such period, more than 80% of your pre-disability earnings from any employer in your local economy at any gainful occupation for which you are reasonably qualified taking into account your training, education and experience.
For purposes of determining whether a disability is the direct result of an accidental injury, the disability must have occurred within 90 days of the accidental injury and resulted from such injury independent of other causes.
Return-to-Work Incentive: During the first 24 months, your monthly benefit will not be reduced by the amount you earn from working; except to the extent that such adjusted monthly benefit plus the amount you earn from working and the income you receive from other income exceeds 100% of your pre-disability earnings.
After the first 24 months following your elimination period, your monthly benefit will be reduced by 50% of the amount you earn from working while disabled. Other income benefit offsets: Social Security, Workers’ Compensation and/or other work-related disability benefits.
Limitations for mental or nervous disorder, alcoholism and drug addiction or abuse: If you are disabled due to alcohol, drug or substance addiction, or mental or nervous disorders or diseases the limit for your disability benefits will be a lifetime maximum of either 24 months or the maximum benefit period, whichever is lesser.
Additional Benefits: Rehabilitation Plan and Survivor Benefit.
Group long term disability insurance may cover only a portion of your total earnings — leaving you with unprotected income. Individual Disability Income Insurance covers a larger percentage of your earnings so you can protect more of what you work so hard for.
The Disability Income Gap is the difference between current net income and the income you would receive if you were to become disabled.
The MassMutual Disability Income Insurance policy is designed to supplement your Group LTD coverage by providing additional monthly benefits in the event of a disability. When combined, both policies will help protect a greater percentage of your income in the event of a disabling injury or sickness.
This plan covers up to 60% of your Total Compensation, minus Group LTD, up to $17,500 a month, which is tax-free.
- No Medical Exams: During this enrollment, there is no medical underwriting to qualify for coverage up to the maximum Guaranteed benefit. You must be actively at work, and you will be asked a few eligibility questions.*
- Portability: This policy is owned by you and is portable, which means you can keep your coverage even if you change employment.
- Discounted Rates: During this enrollment, you’ll receive a 25% discount off unisex premium rates, which is only available through this offering. A 10% spousal discount is also available to any qualified spouses wishing to enroll in MassMutual coverage.
- Non-Cancelable Coverage: Your policy cannot be canceled by MassMutual, and premiums cannot be increased nor changed, given premium payments paid in a timely manner.
- Definition of Disability: The policy pays out a monthly benefit if you are unable to perform the material and substantial duties of your occupation due to an injury or illness for the duration of your disability or based on the benefit period above. **
- Guaranteed Coverage Increase: In the future, you have the option to increase coverage as your income increases, without needed medical underwriting, up to the maximum Guaranteed benefit. This option remains as long as you continue to be employed at Barclays.
*Restrictions apply in California
**Varies by age of disability and contract state. See contract for details.
Please refer to your specific contract to determine what provisions may or may not apply to your state.
Additional Benefit Features and Provisions
- Rehabilitation benefits
- Recurring disability benefits
- Waiver of Premium
- Benefits payable subject to a 3/12 Pre-Existing Condition Clause
- Limitations for all Mental Nervous disorders
- Certain exclusions do apply, see policy contract for details
Optional Riders with No Medical Underwriting Required
Adding riders to your coverage allows you to tailor your policy based on your needs.
The below riders are available through this offering:
- Catastrophic Disability Benefits (CAT)* - up to $12,000
- Extended Partial Disability Benefits
- Group Supplement Rider
*See contracts for state variations, not available in CT.
In order to elect coverage, you need to apply by August 21, 2026.
For assistance, call the dedicated Barclays Enrollment Call Center
at (888)-536-6912, or email Alex Price at aprice@lenoxadvisors.com to
be put in touch with your assigned Lenox Advisors Representative.
To access the MassMutual Enrollment site click the button below.
Login Credentials:
Last 4 digits of your SSN (PIN), DOB, residence ZIP code.