Unexpected injuries or sickness can cause financial stress. That’s where long-term disability insurance comes in.
Why should you consider long-term disability insurance?
Serious illnesses or accidents can come out of nowhere. They can interrupt your life, and your ability to work for months—even years. This type of insurance provides financial support to manage your disability and your household.
Avoid financial hardship after short-term disability benefits end.
Long-term disability insurance can provide financial security to employees and their families in the event they become disabled due to a covered illness or injury and are unable to return to work for 6-months or longer. Employers are not required to pay a salary to disabled employees; however, their bills for mortgage or rent, groceries, utilities, car payments and even day care and tuition don’t stop. Long-term disability insurance can help avoid financial hardship after short-term disability benefits end.
What is covered by this type of policy?
The principle of long-term disability insurance is simple enough: you pay premiums and if you become disabled and are no longer able to work, you get regular payments to make up some of the lost income. As with life insurance, it’s often a smart way to protect you and your family (or financial dependents) if the worst happens.
Plan features:
- Monthly benefit of 60% of regular base earnings to $5,000 maximum.
- Benefits are payable to age 65 if disabled, after a 6-month waiting period.
- Guaranteed Issue – during initial enrollment period.
- Convenience of payroll deducted premium.
- Tax free benefit upon receipt.
- Premiums are waived when on leave of absence.
Click the link below to download the brochure.
Northwell EmployeesPeconic Bay Primary Care (MSO)
Interested in learning more?
If you would like to sign up or learn more about this plan, please fill out the form to be contacted by a representative.
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