Borawski Insurance: Group Disability Insurance

Group Disability Insurance


Group Short Term & Long Term Disability

Disability insurance plans help replace income when employees can’t work due to a disability, so they can focus on what’s most important – getting better!

A serious disability takes away more than an individual’s earnings – it can take away their sense of control over their own life. Disability coverage is available on a long or short term basis. A disability program provides income protection to your employees should they be unable to work as a result of an illness or accident. Typically disabilities that result from work related activities are covered by your workers compensation plan rather than a short or long term disability plan.

Below is a brief summary of typical plan design provisions:

	Short Term Plans	Long Term Plans
…………………………………………………………………………………………………………………………………….
Group Size	♦ 2 or more employees
	♦ Medical underwriting is usually necessary for groups under 10 lives
	♦ Benefit amounts available will depend on group size and total volume of coverage
…………………………………………………………………………………………………………………………………….
Benefits Start After	1,7,15,30 days of disability	60, 90, 180, 365 days of disability
…………………………………………………………………………………………………………………………………….
Benefits are paid for	13,26,52 weeks	2 or 5 years, or to age 65
…………………………………………………………………………………………………………………………………….
Benefit amounts	Flat amounts such as $100 or $250 per week or as a % of employee pay - 50%, 60%, or 66 2/3%	A percentage of an employees incomes such as 50%, 60%, 66 2/3%
…………………………………………………………………………………………………………………………………….
Rate Guarantee	1 to 2 years	1 to 3 years
…………………………………………………………………………………………………………………………………….
Plan Types	Traditional or Voluntary	Traditional or Voluntary
…………………………………………………………………………………………………………………………………….
Plan Considerations	Sex and occupational demographics will effect rates	Occupation of covered employees has a significant effect on plan rates
…………………………………………………………………………………………………………………………………….
Your Group Disability Insurance plans are offered through the following carriers:







To find out more, please call (800) 625-1000 to speak with a Borawski Insurance Representative