Disability Insurance


Mercury provides coverage to help protect your income in the event of a disability.

Overview

The loss of income due to illness or injury can cause serious financial hardship for your family. Disability insurance, provided through New York Life​ replaces a portion of your income to help you continue paying your bills and meeting your financial obligations during this difficult time.

Disclaimer: Your benefit will be reduced by any amounts payable to you by any of the sources listed under the “Effects of Other Income Benefits” section of the policy.



Disability insurance plans

Short-term disability

For team members outside of California, Mercury provides company-paid coverage that pays you a disability benefit for up to 25 weeks.


Long-term disability

Long-term coverage protects you from the financial impact of an extended disability.


Short-Term Disability

Short-Term Disability coverage is available to team members outside of California. Coverage is automatic and company-paid:

  • Benefits begin after 7 days of disability.
  • Pays 60% of your weekly earnings, up to a maximum of $1,765 per week.
  • Benefits end after 25 weeks.
  • For team members in New Jersey and New York, benefits are integrated with state disability laws.

For team members in Hawaii, New Jersey, New York, Rhode Island, or Puerto Rico are integrated with state disability laws.

 

Long-Term Disability

Long-Term Disability coverage is available to all team members. Coverage is automatic and company-paid:

  • Benefits begin after you have been disabled for 180 days.
  • Pays 66 2/3% of your salary, up to a maximum of $15,000 per month. The minimum benefit is the greater of $100 per month, or 10% of the gross benefit.
  • Disclaimer: Your benefit will be reduced by any amounts payable to you by any of the sources listed under the “Effects of Other Income Benefits”