They say nothing is sure but death and taxes. But did you know that employees are more likely to become disabled than die during their working careers? If they are disabled and can't draw an income, it gets hard to pay those taxes — and mortgages, utility bills and so on.
That's where Companion Life's Long Term Disability (LTD) plan comes in. It replaces income lost due to injury or sickness. Our plan pays 60 percent of an employee's earnings, up to a maximum monthly benefit of $6,000. The employer offering the plan selects an elimination period — so the injured employee begins receiving benefits after either 90 or 180 days of leaving work. Companion Life's LTD plan can provide LTD coverage for most industries!
One strength of our program is the flexibility in plan design. Our Long Term Disability program features these benefit options:
Here's a quick summary of our plan choices, with maximum payment durations:
For details on employer eligibility, employee eligibility and participation, please refer to our brochure.
To learn more, please contact us.