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Disability Income Plans

Doctor reviewing chart with patient in bedCompanion Life offers two disability income programs — Short Term Disability and Long Term Disability.

Our Short Term Disability plans feature flexible, comprehensive designs. Benefit durations range from 13 to 52 weeks, with benefit levels up to 70 percent of salary. The plans require some employer contribution and a minimum of 75 percent participation. Partial disability rehabilitation benefits also are available to select groups.

The True Group Long Term Disability (LTD) plan features competitive rates, with a full range of benefit designs. Options include cost-of-living freeze, "own occupation to age 65," residual benefits and benefit indexing. This plan is available to a variety of industry classes. The plan requires some employer contribution and a minimum of 75 percent participation.

Employers may select benefit payment maximums, elimination periods and benefit duration periods. Important features which are standard Social Security filing assistance, a survivor benefit, continuity of coverage, waiver of premium and direct deposit of claim payments.

Companion Life offers an automatic two-year rate guarantee at no additional cost to prospective LTD businesses with 10 to 499 eligible lives.

Companion Life LTD coverage also includes a vocational rehabilitation benefit and workplace modification benefit. To assist employees in returning to work, we'll contribute toward the cost of modifications in the workplace necessary to accommodate the employee. Our vocational rehabilitation benefit is designed to provide training and education vital in helping an employee transition back to the workplace in a new career.

To learn more about Disability Income Plans, please contact us.