Having income security is critical.
Let us improve your risk profile, develop solutions that fit your operation.
Group Disability Insurance
Employer-sponsored Disability insurance is an important component of a company’s employee benefits package. For most workers, the ability to earn a living is their most significant financial asset. Lengthy periods of disability can be financially devastating to workers and their families. Protection against that risk lies in Disability Income insurance, a product that can provide income to employees should they become sick or injured and unable to work. It can protect workers and their families against financial catastrophe by helping them meet daily expenses.
Daniels Insurance Agency can provide your business with Group Disability coverage as part of our employee benefits offering.
A Policy for When the Unexpected Happens
Group Disability insurance provides income replacement to enable employees who are disabled to pay bills, including mortgages and college expenses, and to maintain an accustomed standard of living. It replaces a percentage of pre-disability income if an employee cannot work due to illness or injury for a specified period. Employers may offer short-term Disability coverage, long-term Disability coverage, or both.
- Short-Term Disability Coverage: Provides disabled employees with a specified percentage of pre-disability income—typically 60%—once sick leave is exhausted. The duration of the short-term coverage varies but generally is not more than six months.
- Long-term Disability Coverage: Benefits start when sick leave and short-term benefits are exhausted, replace about 60% of pay, and continue anywhere from five years to the remainder of an individual’s life.
Long-term Disability insurance is generally considered protection against a catastrophic illness or injury. Still, many long-term Disability claims result from common medical conditions that cause increased impairment over time, such as heart disease, musculoskeletal and connective tissue conditions, hypertension, and diabetes. Group long-term Disability insurance can provide the means for your employees to sustain themselves financially should a disability take them out of the workplace for an extended period.
Rates and benefits vary based on employees’ age, duties, and earnings. Our staff is available to help you compare all your options.
Daniels Insurance Agency: Your Trusted Risk Advisor
Founded in 1937, Daniels Insurance Agency has three locations throughout New Mexico and is licensed in every state to serve not only our local region but also clients with a national footprint. As an Assurex Global partner, we are among the world’s most prominent independent agents and brokers. We’re also a member of the Independent Agents & Brokers of America, a national alliance of business owners and their employees who offer a wide range of insurance and financial services products.
Our staff of 42 employees throughout our three locations is ready to provide you with the white-glove service you should expect from your insurance consultant. In fact, you’ll always reach someone at Daniels Insurance Agency. You can depend on that.
Give us a call at 800-530 8885 to find out how we can work together.
