Knowledge Center
Long Term Disability (LTD) Premium Rate Increase
Effective December 1, 2022, MetLife's Long Term Disability insurance (LTD) rates will increase by 13.5 percent.
Why are the rates increasing?
The rates are set by MetLife, the insurance company RPB contracts with to provide LTD insurance. The premium increase is consistent with rising costs across the disability insurance industry due to the growing number of LTD claims in recent years.
When is the increase effective?
The new rates will take effect for employees renewing or enrolling in LTD coverage for 2023. The rate increase does not apply to coverage already paid through the end of 2022.
Benefits of MetLife's LTD Policy through RPB
In addition to group rates, our LTD policy has a unique feature for eligible retirement plan participants called Contribution Insurance. This will continue employer retirement contributions—up to 15% of an employee's compensation—if an employee is unable to work due to a disability.
LTD Insurance Annual Rates Effective December 1, 2022*
| Waiting Period | New Rate | Old Rate |
|---|---|---|
90 Days | $7.11 / $1,000 of coverage | $6.26 / $1,000 of coverage |
180 Days | $6.27 / $1,000 of coverage | $5.52 / $1,000 of coverage |
* All rates are in USD
For more information, please visit our LTD page. If you have any other questions, you can contact us.