Carey Williams

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Short Term Disability

The premiums for this coverage can be paid by either an Employer or by Employees on a voluntary basis through payroll deductions...providing the following:
  • They provide a stop-gap for the other income protection programs available to employees, including long-term disability, workers’ comp, Social Security and additional voluntary benefits. This stop-gap is an important component of your overall disability benefits program for expense control and risk management.
  • They provide monthly benefits that your employees need if they are disabled because of a covered accident or a covered sickness to pay for housing, food, clothing, their children’s education – all the necessities of life.
  • Benefits are not taxable to employees IF the employee pays the premiums with post- tax dollars.  HIGHLY RECOMMENDED!
  • Some plans provide partial disability benefits that can encourage employees to return to work sooner.
  • Employees want and need this coverage
  • This makes your benefits package more effective in attracting and retaining quality employees.
  • Pays without regard to other income sources at time of claim
  • Typically plans will cover up to $833 in weekly gross wages at a level of 60%.  The maximum amount of weekly benefit that can be received is $500 
  • These policies typically cover periods from 13 to 52 weeks.

 

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