Products: Small Employer Income Protection
Protect Your Greatest Assets
Disability income insurance helps to protect one of our greatest assets, "our ability to earn a living." The risk of becoming disabled is far too great for employees to overlook, and the financial implications can be devastating. Small employers need group disability income coverage like any other employer. Employers will benefit from providing coverage for their employees, in addition to realizing improved recruiting, retention, employee morale, and performance. The need for income protection is clear and Custom Disability Solutions (CDS) offers a Small Employer Income Protection Plan that was designed specifically for employer groups with 2-9 lives.
Why Small Employers Do Not Offer Disability Coverage...
77% Cost of coverage is too expensive1
58% Disability is not likely in our line of business2
Why Small Employers Need To Offer Disability Coverage...
$206 Average annual cost per employee for LTD coverage3
1 in 5 People are likely to suffer a serious disability between the ages of 35 and 654
1 in 3 Workers over age 30 will become disabled for at least 3 months during their career5
1. "Disability Income Insurance - Penetrating the Small Employer Market," American Council of Life Insurers, March 2002
2. Ibid.
3. Kaiser Family Foundation, Employee Health Benefits, LIMRA Surveys; NAIC website; Best's Review, 2001-2003
4. "Life Insurers Fact Book," American Council of Life Insurers, 2001
5. Disability Survey of Full-Time Employees, America's Health Insurance Plans, August 2004
This content is designed to highlight the features of CDS' Small Employer Income Protection insurance plans. This content is not a contract. CDS' Small Employer Income Protection insurance plans may not be available in all states. For more detailed information on this product, including all exclusions, limitations, reductions, termination provisions, and state availability please contact CDS Product Management at 1-877-646-8708. Coverage provisions may vary depending on the state where the policy will be issued.