Long-Term Disability Product Features
Nearly one in five Americans will become disabled for one year or more before the age of 65. [1] Long-Term Disability Insurance protects employees' income in the event of a disability – and helps them return to work as soon as possible.
Standard Features
- Maximum benefits of up to $20,000
- Total disability is not required to qualify for benefits
- Work incentive benefit, which allows the employee to return to work on a part-time basis and still qualify for benefits
- Survivor benefit that would pay on an accelerated basis in the event of a terminal illness
- Reasonable accommodation benefit to assist you in making modifications to the work site to accommodate an employee's disability
- Employee Assistance Program (EAP) - Choice of three options with fully insured coverage
Optional Features
- Return to work childcare - assists with childcare expenses
- Dependent education - assists with secondary education costs of a dependent child
- Retirement supplement benefit - contributes money towards a retirement product for your employees in the event of total disability
Voluntary Long-Term Disability Insurance
During their career, men have a 43% chance and women a 54% chance of a serious disability. [2]
How would your employees get by if they became disabled? Can you help them prepare for this possibility without incurring additional expenses for your company? Voluntary Long-Term Disability Insurance from Principal Life Insurance Company (Principal Life) offers an affordable solution. Employees can purchase voluntary disability at lower group rates that can keep your business - and your employees - protected.
Standard Features
- Available to groups with 5 or more eligible employees
- Ability to offer two choices - one at a lower cost - of employee benefit options using Employee Choice
- Flexible benefit options to tailor a plan that fits your employees' needs
- Total disability not required to qualify for benefits
- 24-hour coverage for work and non-work related disabilities
- Provisions that encourage employees to return to work
Optional Features
- Return to work childcare - assists with childcare expenses
- Dependent education - assists with secondary education costs of a dependent child
- Retirement supplement benefit - contributes money towards a retirement product for your employees in the event of total disability
For more information
- Contact your local representative of Principal Life
