Group Long Term Disability Insurance

Many employees of large firms have the Group Long Term Disability (LTD) type of coverage. The benefits are usually inexpensive and fairly comprehensive. Benefit amounts can be between 50%-70% of pre-disabiity earnings. The disability benefit is integrated, meaning that it is reduced by any social security disability or state disability that you might receive. Many LTD plans have benefit periods up to age 65. Generally, it does not make sense to replace your LTD benefits by purchasing an individual disability plan. It may make sense, however, to supplement your LTD with the purchase of an individual plan. If you own or operate a company with more than three employees (10 is even better), give serious consideration to offering LTD.

Business Overhead Expense
Disability Buy Out
Disability Key Man
Pension Completion

This document was last modified on July 26, 1999

Copyright ©1999, The Jacobs Company, All Rights Reserved