Voluntary Long Term Disability

Disability insurance covers you in the event you cannot work due to injury or illness. Despite the fact it is the second most important part of the employee benefits package, research shows that only 28% have long term disability (LIMRA Study, 2005). However, 48% of all home foreclosures result from a disability. Most people believe the United States government is there to cover these situations. Unfortunately, this could not be further from the truth.

Long term disability plans normally dovetail with the underlying short term disability plan.  Your elimination period, or the time an employee must be disabled for LTD benefits to pay, is usually 90 or 180 days.

The employer normally selects the plan design such as benefit maximums and elimination period and the employee generally has the option to choose his or her benefit amount in increments of $100.  Rates are based on age.

Coverage is available for Groups of 2 or more employees.

The information provided within is only a summary of the available plan designs. Certain underwriting restrictions and age limits do apply. The policy issued to the policyholder and the accompanying certificates fully describe coverage and the benefits that do apply.

Other Products:

• Voluntary Term Life Insurance
• Voluntary Short Term Disability
• Voluntary Long Term Disability
• Voluntary Dental
• Voluntary Vision
• Voluntary Mini-med
• Critical Illness
• Voluntary Accident