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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

[1]
Life and Health Insurance Foundation of Education. November, 2005.
[2]
Source: www.soundfinancialplan.com

IN 17547-1 - 06/2006
Content Last Updated: 05/07/2012

Employee Choice
Employee Choice

Give Employees a Choice of LTD Coverages.

Employee Choice

Have a question? Call us at 1.800.986.3343

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