Long Term Disability / Loss of License — Pilots.
JetBlue offers Full-Time Pilots a combined Long Term Disability (LTD) and Loss of License (LOL) benefit at no cost. You also have the option to purchase Voluntary LTD/LOL coverage.
Benefits are paid to Pilots who experience a qualifying event* that results in the inability to perform the essential duties of their position, or that could potentially affect the status of their FAA medical certification. JetBlue automatically enrolls Full-Time Pilots in Loss of License Insurance (also called Pilot Occupational Disability Insurance). This coverage allows for a source of income in the event that they do not qualify for LTD benefits, but are still unable to fly due to FAA regulations.
* A qualifying event is your continuous inability to perform the material and substantial duties of your regular occupation due to your sickness or injury, or you are deemed by the FAA to be mentally or physically unfit to fly as a commercial pilot.
|Long Term Disability (LTD)/
Loss of License (LOL)
|Voluntary Long Term Disability/
Loss of License (VLTD/LOL)
* Includes your average gross pay over the prior 12 months, or up to 18 months if you had months of $0 earnings in the prior 12 months.
** You may use any available PTO during the waiting period and/or apply for Short Term Disability where available. (NOTE: The LTD/LOL benefit will be reduced by the gross monthly benefit you receive from Social Security, Workers’ Compensation and other earned income.) The LTD/LOL plan does not cover a disability from a pre-existing condition during the first 12 months of coverage.
Post-tax disability plan for Pilots
All Pilots are enrolled in a post-tax disability plan that provides a greater take-home benefit if disabled. Since the benefits are tax-free, the premium that JetBlue pays for this coverage will be treated as taxable income (also referred to as imputed income).