Media room
April 23, 2009
Assurant Employee Benefits Offers Shorter Duration Voluntary LTD Plans
For added flexibility that meets both employer and employee needs, Assurant Employee Benefits is now offering 2- and 5-year plan duration options with its voluntary long-term disability (LTD) coverage. These plans include a choice of 30, 90 or 180 day elimination periods to provide employers with more flexibility in selecting the needed level of coverage.
The new plans, which provide additional coverage and pricing options, offer good value and meaningful benefits. Limited duration plans can provide a financial safety net that allows the time employees need to return to work or adjust to lifestyle changes that accompany disability. They can also help bridge a financial gap before Social Security Disability benefits are awarded.
The shorter duration plans are available when a regular occupation/any occupation definition of disability is selected. All other features of the coverage match those of Assurant Employee Benefits’ traditional “to age 65” voluntary LTD plan.
These additions to Assurant Employee Benefits’ voluntary product portfolio are another example of the company’s ongoing commitment to strengthening its position as a leader in employee-paid employee benefits. The company is focused on tools, services and products that will provide customers a simple, accurate and convenient employee-paid benefits experience.
About Assurant Employee Benefits
Assurant Employee Benefits specializes in quality employee benefits and services, including long-term and short-term disability, life and accidental death and dismemberment insurance, dental coverage, and disability reinsurance management services. Assurant Employee Benefits also offers voluntary (employee-paid) disability, life and dental plans. Products and services marketed by Assurant Employee Benefits are underwritten or provided by Union Security Insurance Company or an affiliated prepaid dental company. In New York, products are marketed by Assurant Employee Benefits and underwritten by Union Security Life Insurance Company of New York, which is licensed in New York and has its principal place of business in Syracuse, New York. Plans contain limitations and exclusions. Underwriting flexibility allows Assurant Employee Benefits to market tailor-made benefit plans for groups of most any size. Assurant Employee Benefits is located in Kansas City, Mo. (www.assurantemployeebenefits.com)
Assurant Employee Benefits is part of Assurant, which offers specialized insurance products and related services in North America and selected international markets. Its four key businesses – Assurant Employee Benefits, Assurant Health, Assurant Solutions and Assurant Specialty Property – have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty market segments worldwide.
Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately 14,000 employees worldwide and is headquartered in New York’s financial district. (www.assurant.com)
Media contact:
Jacquie Hill, Public
Relations Specialist
Assurant Employee Benefits
2323 Grand Blvd.
Kansas City, MO 64108
Ph: 816.881.8968
jacquie.hill@assurant.com
