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