Disability Insurance

Disability Insurance Information


What are the types of disability insurance?


There are two types of disability policies: Short-Term Disability (STD) and Long-Term Disability (LTD):


  1. Short-Term Disability policies (STD) have a waiting period of 0 to 14 days with a maximum benefit period of no longer than two years.
  2. Long-Term Disability policies (LTD) have a waiting period of several weeks to several months with a maximum benefit period ranging from a few years to the rest of your life.


A group disability benefit is a valuable addition to your employee benefits package. Group disability plans typically provide a totally disabled covered employee with a benefit of up to 60% of their pre-disability income, to a specified maximum, such as $10,000 a month. It can help to cover personal expenses as well as provide owners business overhead protection.

Advantages of a group plan include:


  • Plan design flexibility. In many cases, employers can elect a plan design that fits their budget and works for their employees. For example, an employer may choose a guaranteed issue plan, which gives employees the option to purchase coverage regardless of their current health condition.
  • Lower premiums. Group rates tend to be lower than individual rates.


  • Potentially portable. Depending on the plan design, covered employees may be able to take their coverage with them if they leave the company.


  • Premium payment flexibility. Premiums can be paid by the employer, the employee, or a combination of the two, using pre-tax or after-tax dollars.


  • Tax deductible premiums. You can take pre-tax company-paid premiums as a business tax deduction.


  • Recruitment and retention tool. Having group disability insurance in your benefits program helps attract and retain quality employees.


Lynk offers both short and long term disability insurance for groups and individuals.  Want to know if disability insurance is right for you?  Contact Us

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