Long Term Disability
Long Term Disability
Long-term disability insurance offers financial protection to employees should they become ill or suffer an injury that keeps them from working. This type of coverage is intended for injuries or illnesses that last for an extended period of time, ranging from several months to several years. Like short-term disability plans, long-term coverage will cover a portion of the employee’s salary for the length of their absence from work.Â
Benefits of Long-Term Disability Plans
- Financial Protection – Plans can be a good source of financial protection for your employees and alleviate potential financial burdens.Â
- Compliance – Some states may require you to provide your employees with short-term disability plans.Â
- Productivity – Employees knowing they can get the necessary time needed to recover helps them focus on healing; returning to work feeling confident.Â
Commonwealth Financial Partners can help you find the best long-term disability policy for your employees. We take the time to get to know you, the needs of your business, and your financial situation to select the best plans for you to choose from. Offering voluntary benefits such as long-term disability is a great benefit for your employees, and we’re happy to help you make that next step as a business owner!
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