Sick Pay Long-term Plan
72% of Americans would find it difficult to meet their current financial obligations if their paycheck was delayed for a week.
This policy provides cash benefits to help replace your lost income if you are totally disabled and unable to work due to illness or injury. The Income Protector benefits are payable directly to you (or someone you designate) when you have a covered total disability. These cash benefits can be used any way you choose and are portable, which means if you change employers you can keep your coverage without interruption. Below is a summary of the benefits provided by the Income Protector:
Income Protector pays cash directly to you for covered total disability due to an accident or sickness for up to 5 years*, depending on the plan selected. You are protected 24 hours a day, 365 days a year. “Totally disabled” or “total disability” means the inability to perform the substantial and material duties of the Insured’s occupation. After the Insured has been totally disabled 24 months, “totally disabled” or “total disability” means the inability to perform any job for which the Insured is qualified by reason of training, education or experience. Total disability must begin while the policy is in force. If the disability is due to a covered accident which occurs while the policy is in force but after the Insured’s 65th birthday, the policy need not be in force if the total disability begins within 30 days after the date of the accident. Protecting your financial peace of mind Family budgets is often figured “to the penny,” and many have little cash to fall back on. Income Protector can help bring balance to your financial obligations when the loss of your paycheck due to disability threatens to take away your peace of mind.
You can choose a Maximum Benefit Period of one, two, or five years with a 15 or 30 day waiting period.
What is Disability Insurance and what does it cover?
Disability Insurance helps protect your income if sudden illness or injury sidelines you from work.
The policy replaces a part of your paycheck.
Help replace your income if you have a covered sickness or injury that puts you out of work to help cover expenses such as and more:
• Car payments
• Student loans
• Household costs
When it comes to protecting your income from the impact of disability, we’re here to help
Disability can happen to anyone. But with Disability Insurance, for each day you are out of work, The Company will pay you benefits to supplement your lost income.
Disclaimer:
This is a supplement to health insurance and is not a substitute for Major Medical or other minimum essential coverage. IMPORTANT: If a covered individual is a Medicaid recipient, policy benefits may be assigned and payable to your state Medicaid agency. Also, your benefit payments may count as income for Medicaid eligibility purposes. CONTACT US to get you and your family protected against accidents.
