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Group Disability
Group Disability

Group Disability Insurance for Your Company

What are the chances of an employee becoming disabled?

Chances of a Disability Lasting 90 Days or More Prior to Age 65

Number of Employees in Group
Age
1
2
3
4
5
10+
25
29.7%
50.6%
65.3%
75.6%
82.8%
97.1%
30
29.4%
50.1%
64.8%
75.1%
82.4%
96.9%
35
28.8%
49.4%
64.0%
74.4%
81.8%
96.7%
40
28.2%
48.4.%
63.0%
73.4%
80.9%
96.4%
45
27.1%
46.8%
61.2
71.7%
79.4%
95.7%
50
25.3%
44.2%
58.3%
68.8%
76.7%
94.6%
55
22.6%
40.0%
54.5%
64.0%
72.1%
92.2%

What happens if an employee is disabled?

  • How much will you pay him?
  • How long will you pay him?
  • When will you have to hire a replacement?
  • How long will you pay both?

What would be the impact on the company's:

  • Sales
  • Profits
  • Overhead
  • Credit lines
  • Loan repayment capability
  • Partnership buy-out plans
  • Retirement plans
Group Disability Insurance
Group Disability Coverage

Advantages of a Group Disability Insurance Policy

Employer Advantages Employee Advantages
  • Tax deductible business expense
  • Helps attract and retain quality employees
  • Relieves moral obligation to pay disabled employees
  • Less expensive than self-insuring the risk
  • Insurance company manages the claim
  • Frees up funds to pay a replacement employee
  • Increased employee moral
  • Surprisingly affordable
  • Continuation of income when sick or hurt
  • Continuation of income during childbirth
  • Employee can continue to meet financial obligations
  • Security and peace of mind
  • No evidence of good health required (most cases)

Consider this flow chart:


Premium Cost

 
Plan Type Employer Employee Benefits During Disability
Traditional Employer Paid Group Plan Pays premium and deducts as business expense Not taxable Taxable income
Bonus Plan Bonuses premium to employee and deducts as business expense Taxable income to employee Tax free
Personal - Employee pays with after-tax dollars Tax free

Request a Group Disability Insurance Quote

Please provide the following information.
An account executive from our agency will contact you shortly.

Contact First Name: Contact Last Name:
Company Name:
Street Address: City:
State: Zip:
Business Phone:    
Email Address:

What product or service does your company provide?


About how many employees work at your company at least 30 hours per week?

Does your company have locations in more than one state? 

Yes  No 
How long has your company been in business?

Does your company sponsor disability insurance now?

Yes  No 
If so, through what insurance company?:
  

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