An individual's ability to earn an income is one of their most important assets. If you become disabled and can't work, no
benefit becomes more important to your fi nancial security than disability income protection.
Short-Term Disability (STD) coverage pays your employee a benefit each week they are unable to work because of injury or illness (including pregnancy). This STD insurance will replace a portion of the employee's gross weekly income in the event they become disabled and unable to work. Benefit payments begin after a short elimination period with options to continue ranging from 3 to 24 months.
Offering employees the opportunity to purchase voluntary STD coverage at the lower group rate will make the coverage more affordable for your employees and will result in higher enrollment participation during the open enrollment period.
Plan features include:
- Pays weekly benefit up to a specified $ amount.
- Acceptance is guaranteed if employees enroll during initial enrollment period.
- Employee can choose to replace from 20% to 60% of their income.
- Maternity is covered as any other sickness.
- Provides non-occupational coverage.
- Accident rider is available as an optional benefit.