Group Disability Insurance

Why is Group Disability Insurance Important?

1. If employees are unable to work for a few weeks or for many months, it is critical for them to have short and/or long term disability insurance.

• Many employees depend on receiving their paychecks and will suffer hardship if they don’t. Offering short and long term disability insurance can make a huge difference for employees in case injury or illness causes them to miss work.

2. Short-Term Disability (STD) insurance offers income replacement for employees who are unable to work because of illness or a disabling injury.

• Typically, STD policies offer benefits up to 13 or 26 weeks and pay 60% of weekly earnings. If an injury or illness continues, having a long-term disability policy is critical.

3. Long-Term Disability insurance (LTD) offers income replacement for a covered illness or injury. It’s extremely important your employees receive paychecks if they can’t work for an extended period of time.