Offering options to employees

A "one size fits all" Disability insurance plan may not be the best solution for a growing, diverse workforce. That's why Disability Employee Choice from The Standard is a compelling option for an employer-paid Long Term Disability (LTD) insurance plan.

Disability Employee Choice from The Standard

• Lets employers address the varied needs of workers by offering two options within a single plan, at the same cost to the employer
• Allows employees to select the benefit design that is best for them, based on their situation
• Can increase employee retention and goodwill

For the same cost to the employer, employees can choose between two different options. Each option provides an LTD product that differs in terms of maximum monthly benefit, benefit duration or benefit waiting period.

• Choice 1 has a higher LTD Benefit and Maximum Benefit Period To Age 65 – but with a lengthy Benefit Waiting Period. An employee with a significant amount of savings or accrued personal leave may be able to wait out the longer Benefit Waiting Period to obtain the higher benefit amount.
• Choice 2 has a lower LTD Benefit and a Maximum Benefit Period To Age 65 – but a significantly shorter Benefit Waiting Period. An employee with immediate financial demands (a young family, for example) may find this a better choice.

To learn more about Disability Employee Choice, contact your insurance advisor or the Employee Benefits Sales and Service Office for your area at 800.633.8575.

The products and coverages have exclusions, limitations, reductions of benefits and terms under which they may be continued in force or terminated. Please contact The Standard for additional information, including costs and complete details of coverage.

This policy provides disability income insurance only. It does NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Insurance department.

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