Individual

Voluntary Long Term Disability Coverage :
The most important benefit plan is generally the most overlooked. One in five Americans will be disabled for one year or more at some point in time during their working lifetime. This product is underwritten by carriers such as Sun Life, Met Life, Aetna, CIGNA, Unum Life, Hartford, CNA, Canada Life, Prudential, and GE Financial and provides coverage at 60% of an employees salary after they have been off work for 90 days and will pay them until age 65 or until they are no longer disabled. Simply put, if an individual tried to buy this exact policy on an individual basis, it would cost them five times as much as purchasing it through a Voluntary Benefit Program. Summit Financial Group is a top producer in the United States for this valuable coverage.

Short Term Disability (STD)

According to the American Council of Life Insurers, nearly one-third of all Americans will suffer a serious disability between the ages of 35 and 65. Statistics like that should make short-term disability insurance a vital piece of your overall financial plan.

Short term disability (STD) pays a percentage of your salary if you become temporarily disabled, meaning that you are not able to work for a short period of time due to sickness or injury (excluding on-the-job injuries, which are covered by workers compensation insurance). A typical STD policy provides you with a weekly portion of your salary, usually 50, 60, or 66 2/3 percent for 13 to 26 weeks.