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Mid-Term Disability Debuts

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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.


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