Plan options

Employers can choose from the following options to custom build their LTD plan:

• One of the key features that sets us apart is the option of selecting the most appropriate definition of disability to meet the needs of different employee groups. We offer three distinct definitions of disability, including a distinctive "dual" definition that triggers benefit payment based on a loss of duties or a loss of earnings. A loss of both is not required.
• Critical Illness benefit provides a lump-sum payment, in addition to disability income protection, to claimants who suffer specific critical illnesses such as cancer, heart attack, stroke, kidney failure or trauma resulting in paraplegia or quadriplegia.
• Retirement Savings Benefit allows for contributions to a retirement savings plan.
• Medical Premium Payment Supplement helps a claimant maintain major medical coverage by paying up to a preset dollar amount of medical insurance premium.
• Managed Disability Solutions®, including the Quality of Care Benefit which focuses on medical rehabilitation, and the Managed Rehabilitation Benefit which focuses on vocational rehabilitation.
• Cost of Living Adjustment (COLA) is designed to protect income. It increases a claimant's Long-term Disability benefit by a percentage the employer selects to help the benefit keep up with the effects of inflation. Several variations are offered.
• Activities of Daily Living Benefit (ADL) pays an additional benefit that will increase the policy's overall benefit rate to either 80% or 100% of pre-disability pay to claimants who suffer a severe disability. This benefit was designed to help those severely disabled claimants pay the additional expenses that they often incur.
• If a disabled insured dies while receiving Long-term Disability benefits, the Survivor Benefit provides income to the insured's survivors while they are in the process of settling the estate.
• Employee Assistance Program (EAP) gives employees access to a confidential short-term counseling and referral service, designed to help them deal with family, legal or financial concerns.
• Business Income Benefit provides an additional benefit to be paid to the policyholder if one of the organization's primary income-generating employees becomes disabled.