Writers of disability insurance struggle between the goal of protecting the insureds and giving the insureds a strong incentive to develop glued-to-couch syndrome.
Some carriers seem to have figured out a way to improve benefits without encouraging malingering by adding 401(k) plan contribution protection as an optional or built-in benefit.
The idea is that the added benefit can protect the truly disabled insured’s future welfare without providing enough of a current financial incentive to have much of an effect on claims.
These days, employers are turning more and more benefits programs into voluntary, employee-paid benefits programs.
What Your Peers Are Reading
Workers may get their life insurance, their legal assistance plan membership, and even their car insurance and their pet insurance through their employers.