Group Long Term Disability (LTD) insurance with Standard Insurance Company provides a monthly benefit to eligible employees who are partially or totally disabled due to a covered physical disease, injury, pregnancy or mental disorder. We offer competitive product features, and work with you to ensure that each plan meets your clients' employee benefits package requirements. Foremost, to deliver on our promise to provide for eligible employees during their time of need, we have dedicated a team of claims management professionals to assure superior service to you, your clients and their employees.
Key Features
Flexible benefit percentages: 40 to 70 percent of predisability earnings
Maximum benefit amount of up to $25,000 per month (may vary with demographics and industry)
Guarantee issue amounts available
Choice of benefit waiting periods: 30, 60, 90, or 180 days, one or two years
Definitions of disability covering own occupation, any occupation and "zero-day" partial disability
Variable plan designs: one, two, three, five-year, and to age 65 own occupation periods
24-month own specialty followed by own occupation to age 65 option for physicians and attorneys
Employee Assistance Program included for groups with 15 - 2,500 covered lives
Progressive return-to-work provisions that encourage and support disabled employees in returning to work
Reasonable accommodation expense provision that may reimburse employers for up to $25,000 for worksite modifications made on behalf of a disabled employee
Rehabilitation plan incentives including training, education, family care, job-related and job search expenses
Child care expense option available
LTD "buy-up" plans which allow employees to supplement their employer's LTD plan from The Standard
