Benefit Specialist Insurance Services, Inc.

Group LTD is a valuable benefit for both the employer and the employee. It allows the employer to provide the employees with a uniform and non-discriminatory salary continuation program on a fully insured basis. It gives the employees peace of mind in knowing that a significant portion of their salary will be replaced in the event of their long term disability.

Long Term Disability (LTD) is a benefit that is usually paid for by the employer and only covers the employee. The carriers, in fact, discount the premiums when the employer has agreed to pay the full premium.

Elimination Period - LTD is usually written with a 30, 60, or 90 day elimination period. The elimination period is the period that the employee must be disabled before the benefits begin.

Benefits - Benefits are written as a percentage of the employee's monthly pay. They are typically 60% or 66 2/3% of monthly pay with a maximum monthly benefit of $5,000; $6,000; $7, 000; etc. per month.

Benefit Offsets - Benefits are generally offset by the amount the employee receives from: Social Security, SDI, and Workers' Compensation.

Duration of Benefits - Benefits will usually be payable as long as the disability lasts, up to age 65. They can usually extend beyond age 65 if the disability began after age 60.

We work with all the major insurance carriers.

If this is your first plan, let us help you design a plan that fits your needs.

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