Give your employees a feeling of security by offering Disability Insurance. No one wants to get hurt and lose income. With this cost effective plan you can provide a benefit that protects a portion of your single biggest asset – income.
Protect your employees’ income by offering a Short Term Disability and/or Long Term Disability Plan.
Why include Disability into your benefit package?
- Protects employees income if they become temporarily disabled or permanently disabled
- Creates a better benefit package for employees which in turn attracts more loyal workers
- Creates peace of mind for your employees so they can focus on work and family
What is Short Term Disability and Long Term Disability?
Short Term Disability (STD)
STD Coverage provides disabled employees with a specific percentage of pre-disability income, typically 60 percent, once sick leave is exhausted. The duration of STD coverage varies, but typically does not go for more than 6 months.
Long Term Disability (LTD)
LTD benefits start when sick leave and short-term benefits are exhausted. LTD will still provide employees with a specific percentage of pre-disability income, typically 60 percent, and will continue anywhere from 5 years to the remainder of an individual’s life. LTD insurance is generally considered to be protection against catastrophic illness or injury that will remove an employee from work for an extended period of time,