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

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.

Designed with employers and employees in mind

Employer Benefits

  • Available with voluntary, non-contributory and contributory options
  • Flexible plan designs
  • Own job definition of disability – not own occupation
  • Plans may include annual open enrollment, reduced pre-ex limitation
  • Pre-ex is waived for employees insured under a prior individual or group short term disability plan*
  • Mutually Progressive Partial work incentive disability benefit – with as little as a 1 percent earnings loss

Employee Benefits

  • Peace of mind to help focus on recovery
  • Cash benefits to help pay bills
  • Replaces a percentage of salary (usually 50 to 60 percent)
  • Option of elimination periods being satisfied with either total or partial days of disability
  • Premium waived while receiving voluntary disability benefits
  • If portability is included, coverage is fully portable when an employee is no longer eligible under the policy*
  • Seamless transition to long-term disability if the employee has both Mutual short term disability and long term disability insurance

Optional Features and Services**

  • Portability
  • Survivor Benefit
  • Vocational Rehabilitation

Long-Term Disability

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 elimination period 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

Enrollment Made Easy

We provide a streamlined strategy to educate employees and keep the cost of enrollment low. We will work with you to help consult, plan and execute enrollment.

We provide:

  • Pre-enrollment strategy and planning meeting
  • Pre-enrollment communication materials (postcards, emails, videos)
  • Personalized enrollment forms and simple needs-based benefit communications
  • On-site group meetings
  • Professional enrollment representatives (bilingual)
  • Partnership with trusted third-party enrollment resources that specialize in group benefits

Get more with Mutual SolutionsSM

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