Small Business Insurance Agency
Group Life and Disability Insurance Plans
Group life and disability insurance plans provide employers and their employees:
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Affordable basic protection with premiums set at low group rates.
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Group plans are offered with less restrictive underwriting guidelines.
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This allows employees (even those with pre-existing conditions) to qualify for coverage.
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Employer paid premiums are tax deductible.
If you'd like a quote, please contact me with your concerns or current plan design. A census form is also available for your convenience under the "Featured Forms & Links" tab.
Group Term Life insurance:
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Wide acceptance as a tax-free benefit for employees and stockholder-employees.
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Premiums can be fully tax deductible to the employer.
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The death benefits are paid directly to the employee's family or estate.
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Companies provide guaranteed issue benefits for firms down to 2 enrolled employees.
Group Short Term Disability (STD) insurance:
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Replaces lost income due to a non-occupational illness or injury.
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Employers may choose benefits up to 66 2/3% of gross taxable income.
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Plans benefits can be payable for up to 52 weeks.
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Employer premium payments can be fully tax-deductible.
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STD benefits paid to the employee are considered taxable income.
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Group STD plans are offered without evidence of insurability; so employees who otherwise would not qualify for individual coverage can be covered.
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Insurers may require a waiting period before benefits are covered in full.
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Short Term Disability insurance plans may also integrate benefits with state mandated paid medical leave plans.
Group Long Term Disability (LTD) insurance:
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Replaces lost income due to a non-occupational illness or injury.
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Employers may choose benefits up to 66 2/3% of gross taxable income.
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Employer premium payments can be fully tax deductible.
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LTD benefits paid to the employee are considered taxable income.
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Benefits for LTD can be payable up to normal retirement age - regardless of occupation.
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Group LTD plans are often offered without evidence of insurability so employees who otherwise would not qualify for individual LTD can be covered.
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LTD insurers may require a waiting period before benefits are covered in full.