My understanding is that the MUTUAL AID PLAN will take you up thru 24 months but after that it is done and you will need to be on LONG TERM DISABILITY LTD.
Could you end up in scenario where you can not hold a medical but you are not exactly on LTD. For example lets say you develop VERTIGO due to some inner ear issue and don't think they will be able to solve it. So the FAA will most likely not give you a medical but does UPS LTD consider you on LTD?
Any other scenarios where you could be out of a paycheck after 24 months?

Also, is LTD at UPS "OWN OCCUPATION" or "ANY OCCUPATION". Own from my understanding is you are a pilot, if you can't be a pilot then you are on disability whereas ANY would mean if you can't be a pilot but you could be a WALMART greeter then apply at Walmart and you are no longer on LTD benefits.

Thanks in advance

Not correct, but at 55 years old I have a family I need to take care of and while I work out and do the best I can it is not to say that life can't happen. I just want to plan for the contingencies. We have lots of scammers at our airline that are out on medical and I doubt will be back "Scamming" as you call it, but I'm not one of them nor do I plan on being.

Contract provides company Loss of License after 6 months, Mutual Aid and LOL get you to the 24 month period where your own purchased (through the IPA) LTD plan would commence.
Yes, if you have a self diagnosed issue that standard medical practices cannot diagnose, then you would be limited to a maximum of 24 months of LTD. If Doctors can diagnose, then for most conditions no limitations.
Yes, exclusions include self inflicted injury, acts of War, injury sustained committing a felony, Alcoholism (Separate benefits package). Some conditions (self reported for example, limited to 24 months of LTD)
The LTD plan is "Own Occupation" which means they will pay if you can't fly an airplane for a living as you described. This information is very brief, not complete, but an attempt to give basic answers.

Free advice and worth every penny,

There are limitations on collecting LTD after age 60 at UPS. So with the 2 year waiting period LTD may not be much of a benefit to a UPS crewmember once a pilot reaches age 58. Of course contact the union for your individual situation.

I think if you are a captain but can hold a second class it will pay you the difference while you work as an FO (if that's even a thing anymore)

I think that there is a minimum guarantee so you always get some benefit. Did anyone ever figure out the sweet spot for just dropping the whole thing? It's rather expensive, but not as bad as needing it and not having it.

Are there any medical condition where you could qualify for a 2nd class medical but not a 1st class?

I think that there used to be different eye and blood pressure standards. Not sure anymore. Does everyone exercising an ATP (domestic only 121 fo) need a first class

IPA Negotiates LTD Rate Decrease;
Max Benefit Increased
Following a period of negotiations with the IPA-sponsored Long Term Disability (LTD) insurance carrier, Sun Life Financial, the Executive Board is pleased to announce two significant LTD improvements that became effective 1/1/2017:
The revised LTD rate will be lowered from $2.34 down to $2.15 per $100 of monthly covered payroll, reflecting a premium rate decrease of 8%.
The revised LTD maximum monthly benefit will be increased by $1,000 from $12,500 to $13,500 (non-taxable.)
“For Captains previously capped at $12,500, this change will mean an increase in the monthly maximum coverage to $13,500 at no additional cost. First Officers, whose LTD coverage increased in September with the new pay rates, will experience a premium decrease,” said IPA Secretary Tom Kalfas.
On a per-paycheck basis, Captains were paying $225.00 for the $12,500 per month maximum non-taxable benefit. Now, Captains with $13,500 of coverage will pay $223.27 per paycheck.
On a per-paycheck basis, a 15 year F/O was paying $186.64 for $10,387 per month non-taxable benefit (based on 60% of the new contract rate of pay). Now, that 15 year F/O will pay $171.48 for the same coverage.
All other current LTD coverages will remain unchanged.

In December of 2015, following an extensive, industry-wide competitive bidding process, the Association decided to extend the current Sun Life Insurance Co. Long Term Disability plan for another 2 years through 12/31/2017. The new rates announced are guaranteed through the end of that period.
“We’ve had a good relationship with SunLife since 2012 and are pleased to continue working together to provide IPA members with the financial security necessary to protect themselves and their families when a medical emergency occurs,” Kalfas said. “Overall, the IPA LTD Plan continues to offer excellent value for the membership,” he added.

IPA Sun Life LONG TERM DISABILITY PROGRAM HIGHLIGHTS
BENEFIT PERCENTAGE: 60%
MONTHLY MAXIUMUM BENEFIT: $13,500, not subject to current federal or state taxes as premiums are paid on an after-tax basis
WAITING PERIOD PRIOR TO RECEIVING BENEFITS: 24 months (during this period, Mutual Aid Plan and UPS Loss of License benefits are available)
BENEFIT DURATION: To age 60 if the insured is medically unable to hold his medical certificate. In addition, benefits will be payable to age 65 (but not less than one year) with an offset for A plan benefits which will be applied whether the pilot elects to retire or to remain on the seniority list while on medical leave
BENEFIT INTEGRATION APPROACH: Offsets for other earned income, full family Social Security and UPS/IPA Defined Benefit Pension Plan. NO offset for military pensions, military disability, NG/Reserve income, UPS/IPA 401k and Defined Contribution Pension plans, Individual or Association disability plans, personal investment income, IRAs, TSAs, and some limited personal business income etc.
DEFINITION OF DISABILITY: Injury or sickness preventing insured from performing duties of own occupation
PARTIAL DISABILITY: Performing some, but not all of duties of own or any occupation and earning less than 80% of pre-disability guarantee
MENTAL/NERVOUS CONDITIONS: Full coverage in-patient, 2 years out-patient
SELF-REPORTED CONDITIONS: 2 year benefit period
PRE-EXISTING CONDITIONS: 3 months/6 months/12 months
OTHER PROVISIONS: Ability to break waiting period by up to 120 days of return to work. No cost of living adjustment. Guarantee for benefit calculation will be set two years (allowing for increases due to longevity raises)
ADDITIONAL PROVISIONS INCLUDE: Waiver of premium after 6 months of disability. 3 month survivor benefit. Disability case management. Rehabilitation program. Social Security assistance.

That is perfect! Thank you very much!