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Voluntary Disability Income |
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Voluntary Disability Income Insurance
The Need for Disability Income Insurance
 How will employees pay bills if they lost their ability to earn a paycheck? How will they support themselves and their family if they are unable to work as a result of an illness or accident? Could they meet the daily living expenses such as the rent or mortgage, food, clothing, childcare, transportation costs, healthcare, etc?
A Disability Income Insurance policy plays a valuable role in helping build financial security. It can help protect an employee's income in the event of covered injury or sickness.
Disability Income Insurance (Policy Form HPDI2002)
Plan Benefits
- Employees can choose from multiple benefits periods
- Policy can be continued if an employee changes jobs
- Individual policy
- Convenient payroll deduction
Plan Features
- Monthly Benefit up to $5,000 maximum (not to exceed 60% of income)
- $300 Minimum monthly benefit
- Accident and Sickness Coverage available
- Variety of elimination periods and benefit amounts
- Benefit Periods up to 2 years (1 year in
Florida )
- 24 Hour Coverage available
- Guarantee Issue up to $3,000 (OCC1) if specific requirements are met
- 12 month pre-ex
- Pregnancy treated as Sickness (subject to pre-ex & policy provisions)
- Issue Ages 16 – 69
- Uniage & Unisex pricing
- Only 2 OCC Classes
- Partial Disability benefit up to 3 months my be available
Optional Riders
- Outpatient Sickness
- Hospital Injury
- Specified Injury
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First
Hospital Confinement from $500 to $5,000
- Accidental Death and Dismemberment
- Building Benefit that increases max benefit period
- Emergency Accident
The coverage(s) described herein contain certain exclusions and limitations as well as terms under which such coverage can be continued or discontinued. For costs and complete details of the plans and services advertised, including availability, please contact
Employee Benefit Concepts, Inc.
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