IRB and LTD (Manulife)

[Ignatius]

Good day,

I have an IRB question. I am only receiving LTD of $1700, but I am looking at applying on IRB. If I was to apply on IRB and got approved, how much IRB would I get, given the amount of LTD? Long story short for an example, if I didn't have LTD with no income or on social assistance, I normally would (if approved) receive around approx $4000 of IRB. My question is how much (if approved) IRB would I receive if I currently receive $1700 LTD?

 

[Tyler Durden]

The minimum IRB amount is $57,279.53 pre-tax.

LTD is a direct dollar for dollar offset. Calculated using gross income.

To give yourself an estimate;
Before Tax IRB subtract Gross LTD, This should give you the pretax amount to expect from IRB.

You might.also want to consider the career progression amount.

Roughly speaking, depending on various variables. I would guess that your looking at an IRB of about 1,700 in addition to thw 1,700 from LTD.