Disability Insurance
“Disability Insurance covers the situations away from work that may happen to you and keep you from working for a period of time. Protect your family and your assets by having this coverage. No one plans to be disabled, but if you are, have a plan that provides you an income until you can return to work.”
Customer Comments
“Thank you for being so diligent on behalf of our employees. We really appreciate all you do for us.”
“I am very impressed with the professionalism and service.”
“I wanted to personally thank you and your team for the excellent customer service we have received.”
“Our decision to move to your company for our insurance needs has proven to be very successful. Thank you very much for all your help and the support and assistance of your team!”
Tom Porter, CEBS
Vice President Employee Benefits Services
423-318-5816
E-mail
Short-Term Disability (STD) pays a percentage of your salary if you become temporarily disabled meaning that you are not able to work for a short period of time due to sickness or injury (excluding on-the-job injuries, which are covered by workers compensation insurance). A typical STD Policy Provides you with a weekly portion of your salary– usually 50, 60 or 66 2/3 percent for 13 to 52 weeks.
Most STD policies have a “cap” meaning you receive a maximum benefit amount per month.
Causes of STD Claims
- Pregnancy (normal): 21%
- Injuries (Excluding Back): 10%
- Digestive/Intestinal Diseases: 7%
- Back Injuries: 6%
Long-Term Disability (LTD) picks up where short term disability leaves off. Once your STD benefits expire, the LTD policy pays you a percentage of your salary (usually 50, 60, or 66 2/3 percent) depending on your policy, you will then receive benefits for two years, five years or until you turn 65.
Causes of LTD Claims
- Cancer: 12.2%
- Pregnancy Complications: 12.1%
- Back Injuries: 11%
- Other: 9.3%
Watch a video explaining the importance of Disability Insurance. “Back to Basics with Disability Insurance”
