Disability Income Insurance
Disability insurance is often used by businesses as an effective tool for their protection planning strategies. Disability income insurance can help protect a portion of an income, either an owner’s or an employee’s, should they become too sick or hurt to work. For many employers, offering supplemental individual disability income insurance to employees is a great way to help recruit, reward, and retain the valuable contributors of your organization.
What is it?
Supplemental Individual disability income insurance provides a greater amount of disability income protection to supplement employer-provided group disability benefits, when eligible for benefits.
How is it used?
For businesses, disability income insurance can be used to provide a more meaningful individual benefit to employees. It can also be used to keep the business up and running in the event of an owner’s disability, or to provide multiple owners with a buy-out option in the event of a disability.
What are the benefits?
Offering supplemental disability income insurance to employees is often a great way to recruit, retain and reward employees. For business organizations, a disability income insurance policy can help with the organization's financial obligations.