Insurance for short- and long-term disabilities
Group disability insurance protects employees’ most valuable asset: the ability to earn a living, even if illness or injury keeps them from working. Employers can choose to pay all, part or none of the employees’ premiums. Individual disability protection is also available to wrap-around group disability insurance, to help protect more of a key employee’s income.
Short-term Disability
Coverage generally starts seven to 14 days after an illness or injury and lasts 90 to 180 days. The benefit amount is based on 60% to 70% of the employee’s monthly salary.
Long-term Disability
Coverage usually starts 90 to 180 days after the illness or injury and continues to age 65 or when Social Security begins. The benefit amount is based on 60% to 70% of the employee’s monthly salary.