 |
|
|
Products & Services
Group Life and Disability
Standard and custom life insurance packages* offer a comprehensive set of
benefits to meet the needs of small businesses. They include group term life,
accidental death & dismemberment (AD&D), and optional dependent coverage.
How It Works
Employers can enhance their employee benefit package with the following products:
- Term life. Both standard and custom packages offer the following
plan designs:
- Flat amount: All employees are covered at the same flat amount,
ranging between $10,000 and $250,000.
- Multiples of salary: All employees are covered for a multiple of
their salary up to a maximum amount, e.g., one times, two times, or
three times annual earnings to a maximum of $250,000.
- Graded schedule: Employees are divided into classes that have different
levels of coverage, ranging from $10,000 to $250,000.
- Dependent life. Term life insurance at low group rates
for spouses and dependent children of employees.
- Short-term disability. Pays benefits for employees when their
income is temporarily interrupted by an accident or sickness. Weekly benefits
are usually based on a percentage of earnings.
- Group long-term disability. Provides income protection for employees,
as well as support and assistance to help impacted employees return to work.
Monthly benefits are generally based on a percentage of the employee's pre-disability
earnings. Benefits usually begin after 30, 60, 90, or 180 days of disability;
other elimination periods are available.
Key Selling Points
- Flexible coverage options. A range of plan designs and benefit
levels make it easy for employers to find the right coverage for their group's
needs.
- Enhanced benefits package. As part of a comprehensive benefits
package, this coverage helps attract and retain valuable employees.
*Products underwritten by Fort Dearborn Life Insurance Company
|
