Disability Insurance

Purchased by an individual to protect his or her ability to earn an income.

Disability Income insurance replaces a portion of earned income lost due to a total or partial disability.

Interim Term Disability Insurance provides temporary coverage until an employee qualifies for employer-sponsored disability coverage.

Disability Overhead Expense reimburses a business owner for covered overhead expenses of his or her business that continue during a period of partial or total disability.

Key-Person Disability coverage provides a benefit to the business in the event the key employee is disabled.

Disability Buy-Out Coverage helps fund a disability buy-out agreement with installment or lump-sum payments.

Purchased by an employer to protect employees against the loss of income due to a disability.

Small Group Long Term Disability Insurance provides monthly benefits for disabilities lasting longer than 13 or 26 weeks and is available to employers with three to nine employees.

Small Group Short Term Disability Insurance provides weekly benefits for disabilities up to 26 weeks and is available to employers with three to nine employees.

Large Group Long Term Disability Insurance provides monthly benefits for disabilities lasting longer than 13 or 26 weeks and is available to employers with ten or more employees.

Large Group Short Term Disability Insurance provides weekly benefits for disabilities up to 26 weeks and is available to employers with ten or more employees.

Small Group Short Term Disability Insurance replaces a percentage of your employees' pre-disability earnings up to a maximum benefit on a weekly basis. It provides weekly benefits for disabilities lasting up to 26 weeks and is available to you if you have three to nine employees.

Up to 60% of pre-disability earnings can be paid as the benefit, with a maximum of $500 weekly for groups of three to four lives and $1,000 weekly for groups with five to nine lives.

You may also choose from two maximum benefit time periods, either 13 or 26 weeks.

The rate you pay to insure your employees is guaranteed to remain the same for one year. Changes in the premium could occur, however, if an employee enters a new five-year age band, or experiences an increase or decrease in pre-disability earnings. This can happen even during the one-year guarantee.

The beginning date indicates the length of time an insured must be disabled before benefits begin to accrue. For a Small Group Short Term Disability policy, the number of days employees wait before the beginning date of their benefits accrual includes the days they are disabled or partially disabled.