Serious Disability for Employers

A product that can protect when it's needed the most.

A way for you to take care of your employees
As an employer, you want to make sure that your employees can be taken care of in times of hardship. By providing disability coverage, you can help them get through rough spots and not burden your business with excessive cost.

Disability insurance can help smooth the transition of returning your valued employees to work. By providing them disability insurance, they'll be more likely to return to work with your company, instead of having to find another job that they can do, while they recover from their condition.

What sets Serious Disability apart from other disability coverage?
New to the industry, Serious Disability offers a very different approach to disability than we've historically taken. Traditionally, disability coverage may have been viewed as complex.

With Serious Disability, we've created a simple approach to disability claims that allows us to quickly and objectively measure whether or not the employee is eligible for benefit payments. We make every effort to process claims as quickly as possible to minimize financial strain on your employees.

For particular companies, disability coverage can be expensive due to high-risk occupations, existing health conditions in the employee group or problems with maintaining participation levels.

With Serious Disability, our definitions of disability allow us to contain the cost, so these other factors are no longer part of the mix. Rather than limiting benefits, we've limited the claims that qualify only to those conditions considered more serious, using an initial hospital confinement period, followed by our patent-pending impairment rating definition.

A real benefit for the truly disabled
While the objective definitions of disability used with Serious Disability mean fewer individuals will qualify for benefits, the truly disabled receive the financial assistance needed when seriously impaired.

Clear, objective qualification for benefits
Initial qualification for the first six months of benefits requires:

• Continuous hospital confinement of 72 hours or more

OR

• Being diagnosed with a terminal condition (12 months or less life expectancy)

Qualification for benefits after the first six months requires:

• The condition must result in a 75% whole person impairment rating (or extreme impairment for psychiatric conditions)

OR

• Being diagnosed with a terminal condition (12 months or less life expectancy)

Claimants meeting the above qualifications must also be unable to do one of the material duties of each gainful occupation for which they are qualified.

Common conditions frequently allow qualifications for benefits
While 72-hour continuous hospital confinement may seem a rare occurrence, many conditions would enable a claimant to qualify for benefits.

Any condition meeting the 72-hour confinement qualification becomes payable from the first day of hospital confinement.

Common events and conditions that can require extended hospital stays for adults include:

For more information about Serious Disability please contact your broker or a local sales office.