Long-Term Disability
Assurant Employee Benefits' flexible Voluntary LTD coverage protects an employee's income, family, and quality of life in the event a covered person becomes disabled.
Plan Highlights
- An easy quote process; no census necessary for most groups of less than 500 lives.
- An employer choice of either a three- or six-month qualifying period.
- An employer choice of benefit integration - 70% all sources plan or Full Family Social Security Benefits as a direct offset (FFD). (With the FFD plan, the employer may also choose to add one or both of the Value Options.)
- An employee choice of $100 units from a minimum election of $500, up to 60% of income to a maximum of $5,000 per month.
- Twenty-five percent participation with a minimum of 10 covered employees.
- Dual definition of disability ("own occupation" for 36 months or 20 percent or greater loss of income).
- A managed Return-to-Work program.
- 100% Return-to-Work benefit for the first 12 months of trial employment.
- Survivor benefit.
- Conversion privilege.
- Waiver of premium during disability benefit periods.
- Guaranteed issue.
- Standard two-year rate guarantee.
- Rehabilitation Benefit and Spouse Rehabilitation Benefit standard.