Serious disability
A disability product that provides affordable group coverage for all industries. An innovative blend of long- and short-term disability insurance, Serious Disability is available on either an employer-paid or employee-paid basis and can provide a high level of income at an affordable price by focusing on a claimant's serious condition rather than on occupation or earnings capability.
An innovative solution
Serious Disability offers benefits from the first day up to six months for claimants who are initially hospital confined for 72 hours or longer and unable to work at any gainful occupation. Benefits can continue up to age 65 when a more seriously disabled claimant qualifies under our patent-pending impairment rating definition of disability.
Plan Highlights
- Benefit amount: 80% of basic monthly pre-disability earnings (to a maximum of $5,000)
- Integrates with Family Social Security
- Covers disabilities incurred on and off the job, 24 hours a day
- First day coverage for qualifying sicknesses and injuries means no waiting for benefits
- Objective claims decisions are easy to understand
- Benefit payments are made semi-monthly, making it easier to budget
- Continuously disabled claimants receive benefits to age 65 (minimum of two years)
- One simple premium rate for all ages, all areas, all industries
- Three-month survivor benefit provides support for family members
- Uniform coverage for all employees, regardless of their current health status
