Group disability plans are an inexpensive way to protect you and your employees if a disabling sickness or injury strikes. Think it won’t happen to you? Unfortunately, it’s all too common—it can happen to anyone at anytime and could cost you thousands. Group disability plans are necessary because social security and state disability is typically not enough to cover a disabled worker.
How does it work? Long-term disability coverage provides a benefit to replace the injured or ill employee’s income lost during the time they are unable to work. Benefits normally begin after one to six months of disability and continue up to age 65, or normal retirement age. Long-term disability coverage is offered on a guaranteed-issue basis for groups of five or more. Discounts and additional benefits are available to groups of 10 or more.
Call Collins Insurance today for a knowledgeable comparison of group disability policy features and pricing. We promise, it will make your life and your job easier—Collins has you covered.