Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance > Term Insurance

Mid-Term Disability Debuts

Your article was successfully shared with the contacts you provided.

Assurant Employee Benefits has introduced voluntary long-term disability insurance options that provide coverage for 2 years or 5 years, rather than to coverage to age 65 or longer.

The plans include a choice of 30-, 90- or 180-day elimination periods, to give employers more flexibility in selecting the needed level of coverage, according to Assurant Employee Benefits, Kansas City, Mo., a unit of Assurant Inc., New York.

The mid-term disability plans can help employees bridge the gap between when short-term disability benefits and savings run out and when Social Security disability benefits are awarded, Assurant says.

The shorter duration plans are available when a “regular occupation/any occupation” definition of disability is selected, Assurant says.

The other features of the coverage match the features in Assurant’s traditional “to age 65″ voluntary LTD plan, Assurant says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.