Policy Agent has you covered
Business Solutions insurance is offered to protect our customers’ health and wallets. Our individual disability products—to help provide peace of mind and security to your business and extend vital coverage to you and your employees.
Call us for a quote or questions regarding insurance options for business at 713-369-0997
Disability Income Insurance for Employees
The value of disability income insurance
The ability to earn an income is an employee’s most important financial asset, but often times overlooked – which can result in loss of income, independence and financial security.
Our disability income insurance policies can assist by replacing a portion of an employee’s income if they become hurt and can’t work. Plus it helps give them peace of mind so they can recover faster and get back to work sooner.
We offer an array of flexible plan designs, friendly, receptive claims staff, experienced disability management teams and resources that ease benefit administration.
How disability income insurance works
Short-term disability income insurance helps protect employees from financial hardship. Many employees simply don’t have enough savings to cover lost income if they’re disabled due to covered illnesses or injuries.
Our return-to-work incentives demonstrate our commitment to getting disabled employees back to productivity sooner. And we offer a range of features to help tailor a plan that’s right for you.
Long-term disability income insurance helps retain productive and talented workers, while providing them with the income protection they need if they can’t work due to an extended illness or injury.
With flexible plan designs tailored to meet business objectives, budget and workforce needs, our plans are a sure fit.
Designed with employers and employees in mind
Employer Benefits
- Definition of disability – regular occupation definition, plus own occupation/gainful occupation variations
- Mutually Progressive Partial with a 99/85 percent earnings test (regular occupation/gainful occupation)
- Multiple options
- Credit towards pre-ex periods for new hires covered under their prior employer’s plan
- Vocational rehabilitation and reasonable accommodation
- Lifetime work incentive benefit
Employee Benefits
- Seamless transition to long-term disability when short-term disability ends
- Peace of mind to help focus on recovery
- Cash benefits to help pay bills
- Replaces a percentage of salary (usually 50 to 60 percent)
- Premium waived while receiving disability benefits
- If portability is included, coverage is fully portable when an employee is no longer eligible under the policy**
Optional Features and Services**
- Survivor Benefit
- Portability
- Cost of Living Adjustment
- Retirement Income Protection Benefit
- Child Care/Family Care Benefit
