Group Disability Insurance
Illness or Injury Can Strike Without Warning — Would Your Employees Be Prepared?
Most people aren’t.
In fact, studies show that only 23% of Americans have enough emergency savings to cover just six months of expenses. That means a sudden illness or injury could quickly turn into a financial crisis.
It’s a risk that’s more common than many realize. Nearly 25% of adults over the age of 20 will face a disability before they retire—leaving them unable to work and struggling to meet everyday financial obligations.
That’s where disability insurance comes in.
It’s not just a benefit. It’s protection.
It helps ensure that if life takes an unexpected turn, your employees have the support they need to stay financially stable—and focused on recovery.
Short-Term Disability
A Group Short-Term Disability (STD) Plan provides employees with income protection in the event they are temporarily unable to work due to a non-work-related illness, injury, or medical condition—such as surgery, pregnancy, or serious illness.
This employer-sponsored benefit offers partial wage replacement, typically covering a percentage of the employee’s weekly salary (e.g., 60%–70%) for a defined period—usually from a few weeks up to 26 weeks, depending on the plan design.
Long-Term Disability
A Group Long-Term Disability (LTD) Plan provides employees with essential income protection if they are unable to work for an extended period due to a serious illness, injury, or medical condition.
This employer-sponsored benefit kicks in after a short-term disability plan or elimination period (usually 90 to 180 days) and replaces a portion of the employee’s income—typically around 50% to 70% of base salary—for the duration of the disability or until retirement age, depending on the plan.
Key Features:
- Ongoing Income Replacement for long-term or permanent disabilities
- Protection for Chronic Conditions such as cancer, mental health disorders, musculoskeletal issues, or neurological diseases
- Employer-Paid or Cost-Shared Options
- Coordinates with Other Benefits like Social Security Disability Insurance (SSDI)
By offering long-term disability coverage, employers provide peace of mind and financial stability for their workforce—supporting employees during life’s most challenging moments and helping maintain productivity and morale within the organization.