Protect Your Employees from Loss of Income during Short and Long Term Disabilities
Earning potential may be the single most vital asset you (and your employees) have. If something happens that disables you for any length of time, you need the security of knowing you will have financial support available when you need it most.
Disability insurance can replace a percentage of the plan member’s earnings while they are ill or injured and unable to perform the duties of their regular occupation.
Two types of group disability insurance are available:
Short Term Disability Insurance
Short Term Disability (STD) insurance provides immediate income replacement benefits if you or an employee is unable to work because of an injury or illness.
Usually, these benefits are payable for up to 17 weeks.
Long Term Disability Insurance
Long Term Disability (LTD) insurance provides income replacement when an employee is disabled and unable to work for an extended period of time.
We can help you understand group disability insurance and the different options available to you. Contact us now!