Group Life and Disability Insurance Plans

Group life and disability insurance plans provide employers and their employees:

  • Affordable basic protection with premiums set at low group rates.
  • Group plans are offered with less restrictive underwriting guidelines. 
  • This allows employees (even those with pre-existing conditions) to qualify for coverage.
  • Employer paid premiums are tax deductible.

If you'd like a quote, please contact me with your concerns or current plan design. A census form is also available for your convenience under the "Featured Forms & Links" tab. 

Group Term Life insurance:

  • Wide acceptance as a tax-free benefit for employees and stockholder-employees.
  • Premiums can be fully tax deductible to the employer. 
  • The death benefits are paid directly to the employee's family or estate.
  • Companies provide guaranteed issue benefits for firms down to 2 enrolled employees. 

Group Short Term Disability (STD) insurance:

  • Replaces lost income due to a non-occupational illness or injury.
  • Employers may choose benefits up to 66 2/3% of gross taxable income. 
  • Plans benefits can be payable for up to 52 weeks.
  • Employer premium payments can be fully tax-deductible. 
  • STD benefits paid to the employee are considered taxable income.
  • Group STD plans are offered without evidence of insurability; so employees who  otherwise would not qualify for individual coverage can be covered. 
  • Insurers may require a waiting period before benefits are covered in full.
  • Short Term Disability insurance plans may also integrate benefits with state mandated paid medical leave plans.

Group Long Term Disability (LTD) insurance:

  • Replaces lost income due to a non-occupational illness or injury.
  • Employers may choose benefits up to 66 2/3% of gross taxable income.
  • Employer premium payments can be fully tax deductible.
  • LTD benefits paid to the employee are considered taxable income.
  • Benefits for LTD can be payable up to normal retirement age - regardless of occupation.
  • Group LTD plans are often offered without evidence of insurability so employees who  otherwise would not qualify for individual LTD can be covered. 
  • LTD insurers may require a waiting period before benefits are covered in full.