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Products & Services
Group Life and Disability
Offer your employees a comprehensive set of benefits with standard and custom
life insurance packages* designed to meet the needs of your small business.
Products include group term life, accidental death & dismemberment (AD&D),
and optional dependent coverage.
How It Works
Enhance your 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.
- Multiples of salary: All employees are covered for a multiple of
their salary up to a maximum amount.
- Graded schedule: Employees are divided into classes that have different
levels of coverage.
- Accidental death and dismemberment (AD&D). Provides lump
sum cash benefit for a death or dismemberment due to accident only and offers
24-hour protection on or off the job.
- 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.
Highlights
- Flexible coverage options. A range of plan designs and benefit
levels make it easy for you to find the right coverage for your 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
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