What happens when an employee is unable to work because of illness or injury? In most cases, the paycheck stops. . Reliance Standard offers employers – and their employees – a variety of options so they can get the coverage they need affordably.
View our short video that answers questions you or your client may have about Voluntary Disability insurance.
Voluntary Group Short and Long Term Disability Plan Highlights:
- Benefits up to 60% of salary
- Available in flat dollar amount, percentage of salary, or increments
- Maximum short term benefits up to $1,250 per week
- Maximum long term benefits up to $7,500 per month
- Elimination periods of 7, 14, 30, 60, 90 or 180 days
- Benefit duration up to Social Security Normal Retirement Age
- Elimination period interruption provision
- Maternity covered as an illness
- Partial and residual available
- Rate guarantees up to two years
Voluntary Benefits. Employee Satisfaction.
Employee-paid voluntary benefits can save your client the cost of premiums. Reliance Standard understands that time is money, too. So we work hard to reduce the time you and your employees spend dealing with insurance matters. Using our web-based administration will streamline management and payment of premiums, and provide a single point of contact for all inquiries.
We also work to minimize the cost of lost productivity by aggressively managing disability claims so your employees can get back to work as soon as possible. Return-to-work options offered by our Work Incentive Benefit encourage employees to work on a part-time basis (some refer to this as rehab employment). A child care credit is available during such as work incentive period.
Short Term and Long Term Benefit Choices
Your clients can specify short term disability benefit amounts in weekly increments up to the maximum amount of $1,250 per week, as well as choosing which percentage of earnings they’d like to insure for both short and long term disability. Long term plan choices allow for monthly benefits starting at $500 to a maximum of $7,500 per month.
A minimum benefit is designed to avoid a situation where an employee has paid into a plan and, after becoming disabled, learns that no benefit would be received due to offsets with other sources of income, such as worker’s compensation, state disability benefits or Social Security.
For Additional Information:
Your Guide to Understanding Voluntary Disability Income Protection