Short-Term & Long-Term Disability Insurance
Protecting Your Employees’ Financial Security
Unexpected injuries or illnesses can impact an employee’s ability to work, leading to financial stress. Offering Short-Term and Long-Term Disability Insurance as part of your benefits package provides employees with income protection during challenging times.
Short-Term Disability Insurance
Short-Term Disability (STD) insurance provides partial income replacement when an employee is unable to work due to a temporary medical condition, such as an injury, surgery, or illness.
Key Features of Short-Term Disability Insurance:
Coverage typically lasts 3 to 6 months (varies by policy).
Replaces a percentage of lost wages (usually 60% of income).
Benefits begin after a waiting period (often 7-14 days).
Covers non-work-related injuries or illnesses.
Long-Term Disability Insurance
Long-Term Disability (LTD) insurance offers income protection for employees facing extended periods of disability that prevent them from returning to work.
Key Features of Long-Term Disability Insurance:
Coverage usually lasts until Social Security Retirement Age or recovery from the disability.
Typically replaces 50-60% of income.
Benefits start after Short-Term Disability benefits end (often 90+ days).
Covers serious conditions such as chronic illness, major injuries, or mental health disorders.
Benefits of Offering Disability Insurance
- Employee Retention & Satisfaction – Shows commitment to employee well-being.
- Financial Security – Helps employees manage expenses during health-related work absences.
- Attracts Top Talent – A competitive benefits package can help recruit skilled professionals.
- Potential Tax Benefits – Employer-paid premiums may be tax-deductible.
Customize Your Disability Coverage
Every business has different needs. We can help tailor a Short-Term and Long-Term Disability Insurance plan that aligns with your company’s goals while protecting your employees.
