Long-Term Disability Income Insurance
How long-term disability insurance works
Long-term disability income insurance helps retain productive and talented workers, while providing them with the income protection they need if they can’t work due to an extended illness or injury.
With flexible plan designs tailored to meet business objectives, budget and workforce needs, our plans are a sure fit.
Designed with employers and employees in mind
Employer Benefits
Definition of disability – regular occupation definition, plus own occupation/gainful occupation variations
- Mutually Progressive Partial with a 99/85 percent earnings test (regular occupation/gainful occupation)
- Multiple elimination period options
- Credit towards pre-ex periods for new hires covered under their prior employer’s plan
- Vocational rehabilitation and reasonable accommodation
- Lifetime work incentive benefit
Employee Benefits
Seamless transition to long-term disability when short-term disability ends
- Peace of mind to help focus on recovery
- Cash benefits to help pay bills
- Replaces a percentage of salary (usually 50 to 60 percent)
- Premium waived while receiving disability benefits
- If portability is included, coverage is fully portable when an employee is no longer eligible under the policy**
Optional Features and Services**
- Survivor Benefit
- Portability
- Cost of Living Adjustment
- Retirement Income Protection Benefit
- Child Care/Family Care Benefit
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