Suffering a disability is a catastrophic event for anyone. The stress it causes a family and even friends are tremendous. To make matters worse, many people don't properly plan for it. Some assume they will never be affected by a disability. Other people assume a disability will be covered by worker's compensation insurance, but, depending on the plan, it is seldom enough to live even a meager existence on.
Conforti & Associates can offer you the employer several different disability insurance plans to help take care of your employees in their time of need and set their family's minds at ease. We will help you determine what disability insurance costs you can afford and what packages work best for your employees.
For employees, the typical disability insurance policy will cover up to 60% of your salary. Additional coverage can handle more, but no plan will cover 100% of your salary. Policies last for a set number of years and typically stop upon retirement.
Offering a Disability Insurance plan to your employees is not only a smart move but also a great way to enhance your employee benefits package. It helps you:
- Assist your employees achieve financial security
- Reinforce employee job satisfaction
- Build positive relationship with employees
- Attract and retain your top talent