A serious illness or accident can have a devastating, often irreversible, effect on a family’s financial well-being and future. Short & Long Term Disability Programs help provide paycheck protection for an employee when off work due to a qualifying disability and enhances your company benefits package. No employee today can afford to be without a paycheck for any extended period of time. A good, solid disability program is essential to every employee and their families, yet many employees neglect to seek out and purchase this very important financial protection. Disability plans may include benefits for additional coverage such as Accidental Death Benefit, Alcoholism and Drug Addiction Limited Benefit, Physician Benefit, Waiver of Premium, Return to Work or Partial Disability Benefit, Mental Illness Limited Benefit.
Short-Term Disability Policy Features Can Include:
- Guarantee Issue underwriting is available with low or no participation requirement.
- Customize plan to select from various Elimination Periods and Benefit Periods.
- Up to 60% income replacement.
- Take-over credit waiving of pre-ex available for replacing existing coverage.
- Portability available
Long-Term Disability Policy Features Can Include:
- Guarantee Issue with participation
- Limited medical underwriting for most group sizes
- Customize plan to fit within Short Term Disability plan.
- Waiting period that can begin on day 8th - Combining both Short Term and Long Term benefits into one policy.
- Benefit periods up to Social Security normal Retirement Age.
- Portability available
