Long Term Disability

Six out of ten corporations offer LTD as a corporate benefit. To cover the employers and their employees is surprisingly inexpensive, relative to the cost of an individual disability insurance policy. The employer can take advantage of the company’s plan and classification.

Class I covers executives only
Class II covers management only
Class III covers all other employees
Class I executives carry approximately 90% of the premium, so it’s in their benefit to secure this coverage.
Benefits can vary.

For example:

Class I receiving 60% of salary to a max of $15,000/mo. Own occ to age 65, 90 or 180 day waiting period.
Class II receiving 60% of salary to $5,000/mo, 2 year own occ and any occupation thereafter to age 65 & 180 day wait.
Class III receiving 60% - $2,000/mo for 2 year own occ definition and benefit period for 5 years, 180 day wait.

LTD coverage is an excellent benefit for a corporation and can be 100% paid for by the employer or the corporation may have the employees participate towards the premium payment making it a tax free benefit to them.

We also offer voluntary benefits for corporations who do not want to contribute to the premium, enabling the employees to pay 100%

Our Carriers:

Carriers	A.M. Best Rating
Guardian	A++
Fort Dearborn	A+
Lincoln Financial	A+
Prudential	A+
Sun Life	A+
Aetna	A
Hartford*	A

Carriers	A.M. Best Rating
Liberty Mutual	A
Reliance	A
U.S. Life	A
Assurant	A-
Standard Life	A-
UNUM	A-

*Rating as of March 23, 2011. For current rating go to http://ir.thehartford.com/ratings.cfm.

As always there’s no cost to you unless you give us the approval to write the plan.

For Group Long Term Disability Quotes:

Call us at (800) 325-2777 or e-mail Laurie Carson and she will work on putting together a competitive comparison letter for you that will include various plans tailored to your clients needs.

Information needed: 
Census (age, sex, salary, job occupation)
Present Plan Booklet
Recent billing report
Over 200 employees: loss experience

 

For Individual Long Term Disability Quotes:

Sample Ancillary Line Comparison (PDF)

Have questions?
Call (800) 325-2777 or email us today!