In most cases, a short-term disability will result in reduced income for you and your family. If you become disabled, how long could you pay bills and provide for your family with reduced earnings? How long will the disability benefit from your employer-sponsored insurance plan last? Do you have enough set aside to cover the additional expenses caused by a disability, maintain your lifestyle and cover everyday living expenses?
More often than we think, many people in today's workforce suffer a short-term disability.
Source: Injury Facts, National Safety Council, 2005-2006 Edition
A disability plan from Colonial Life can help you prepare for a short-term disability. Benefits from your Colonial Life disability plan can supplement your income to help you pay the following expenses:
The Colonial Life disability portfolio includes group and individual coverage, and each plan features several options to help meet your unique needs.
Voluntary Short-Term Disability Insurance (VSTD) is Colonial Life's group disability plan. This plan offers the employer control of benefit plans offered to employees, continuity of coverage and competitive group rates.
Colonial Life's Short-Term Disability Income Protection Insurance is an individual disability plan. With this plan, you (the employee) can choose the plan design that best meets your needs. There is no employer contribution for this plan; the employee pays the premium.
The individual short-term disability plan offers two plan options, a partial disability benefit and higher levels of disability coverage.
VSTD insurance is a group short-term disability plan that provides the following worldwide coverage options:
Colonial Life's VSTD insurance is designed to supplement your existing insurance coverage by replacing from 40 percent to 60 percent of your weekly income if you suffer a short-term disability, depending upon the benefit option selected by your employer. Benefits from the VSTD plan are paid on a weekly basis, up to $1,000 per week. Benefit periods range from four up to 52.
Premiums for the VSTD plan are census-rated and competitive. Plus, with waiver of premium, you will not have to make your premium payments while you are receiving disability benefits from Colonial Life. This results in one less payment for you to make while you are out on disability.
The VSTD plan is offered with guaranteed issue (no health questions) for all employees who enroll during their initial eligibility period. However, pre-existing conditions are excluded.
This coverage may not be available in all states; product benefits vary by state. Policies have exclusions and limitations that may affect benefits payable. For cost and complete details, please see your Colonial Life benefits representative.
Applicable to certificate form VSTDC, including state abbreviations where used. If you are in Virginia, please read this important information.
Would you like to receive additional information about Colonial Life's Voluntary Short-Term Disability Plan? More Info Request Form
This insurance is an individual short-term disability plan that provides the following worldwide coverage options:
Colonial Life's Short-Term Disability Income Protection Insurance is designed to supplement your existing insurance coverage by replacing up to 66 2/3 percent of your income if you become disabled. Benefits from this plan are paid on a monthly basis, up to $5,000 per month. Benefit periods range from three to 24 months.
Waiver of premium is another feature of this individual short-term disability plan. With waiver of premium, after you have been disabled for 90 days, you do not have to pay your premium while you are receiving disability benefits.
This individually owned plan is portable. This means that if you change jobs or retire, you can take this plan with you. Your premiums will not increase as you get older, and your coverage is guaranteed renewable up to age 70 as long as premiums are paid when due or within the grace period. Your premium can be changed only if we change it on all policies of this kind in force in the state where the policy was issued.
Optional riders are available at an additional cost.
This coverage may not be available in all states; product benefits vary by state. Policies have exclusions and limitations that may affect benefits payable. For cost and complete details, please see your Colonial Life benefits representative.
Applicable to policy form ENHANCE, including state abbreviations where used. If you are in Virginia, please read this important information.
Would you like to receive additional information about Colonial Life's Short-Term Disability Income Protection Plan? More Info Request Form
This plan features individual short-term disability coverage that provides the following worldwide coverage options:
This plan is designed to supplement your existing insurance coverage by replacing up to 66 2/3 percent of your income if you become disabled. Benefits from this plan are paid on a monthly basis, up to $5,000 per month. Benefit periods range from three to 24 months.
Other features include partial disability benefits and a waiver of premium benefit.
This coverage is also portable. This means that if you change jobs or retire, you can take this plan with you. Your premiums will not increase as you get older, and your coverage is guaranteed renewable up to age 70 as long as premiums are paid when due or within the grace period. Your premium can be changed only if we change it on all policies of this kind in force in the state where the policy was issued.
This coverage may not be available in all states; product benefits vary by state. Policies have exclusions and limitations that may affect benefits payable. For cost and complete details, please see your Colonial Life benefits representative.
Applicable to policy form DIS 1000, including state abbreviations where used. If you are in Virginia, please read this important information.
Would you like to receive additional information about Colonial Life's Individual Short-Term Disability Plan? More Info Request Form
