Group Short & Long Term Disability
Group disability programs offer income replacement for your employees if they cannot work due to illness or injury. Disability programs are designed to assure that your employees can continue to pay their bills and focus on recovery instead of worrying about how to make ends meet.
Short-term disability programs typically provide protection for periods of 30 – 90 days, while long-term programs can provide up to 66 percent of salary for periods of two to five years or even until age 65. Voluntary plans are offered to employees at little or no cost to the employer, or companies can choose to contribute to the premium expense on behalf of their workers.
Group disability plans may be the single most important benefit you provide to your employees other than group health insurance. Group plans typically have limited underwriting requirements – or none at all – meaning all of your employees will qualify for coverage. Some plans allow your employees to convert their group coverage to an individual policy if they move on, which can be a huge benefit for attracting new employees.
We consider more than numbers on a spreadsheet when building the plan that’s right for you. We consider:
- Contribution Strategy
- Duration
- Benefit Level
- Return to Work
Contact us today to learn more about group short and long-term disability insurance.
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