Group Disability
A group
disability insurance plan provides some financial protection to
employees in the event they are no longer receiving a paycheck
due to a disability. The two basic types of coverage
include short-term disability (STD) and long-term disability
(LTD). Benefits typically range between 50%-60% of wages
or a a flat dollar amount stipulated by the policy. Plans
generally have a limited coverage period and a waiting period
before benefits begin.
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The Insurance Shop has
contracts with major disability insurance companies such
as The Hartford, MetLife, Principal, and more. We
can customize a tailored plan for your office or staff
based on your industry and employee make-up.
Contact one of our Benefit Specialists today. |
Short Term Disability
A short term disability (STD) plan costs less than a long term
plan because the coverage if for a much shorter period of time.
Generally between 13 and 26 weeks of coverage. Coverage is
usually capped and individual underwriting is not required for
coverage.
Long term Disability
A long term disability (LTD) plan can pay benefits up to
retirement or age 65. This makes LTD more expensive than
short term coverage. Waiting periods are typically between 90
and 180 days before this type of coverage takes affect.
Start a Group Disability Quote
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Group
Disability is underwritten
with similar information
used to underwrite group health
insurance. We can help you
find guaranteed issue
disability plans for short
term, long term, or both.
We offer plans on a
voluntary basis where
employees pay 100% of the
premium, or plans that are
partially sponsored by the
employer.
Please download and complete
the following forms:
A group disability plan is a
great way to help employees
add key protection for their
family in the event of an
accident or injury that
leaves them partially or
completely disabled.
The benefits are paid
directly to the employee.
The policy covers employees
injured or disabled off the
job since workers
compensation covers
disability caused by or on
the job.
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Have an agent help you start a no obligation
group Disability quote with The Insurance Shop!
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Secure ▪ Fast ▪ Easy
▪ No Obligation
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