Lincoln Launches Small Business Product Suite

The solution is currently aimed at businesses with two to nine employees. The product offers small business owners life insurance, Accidental Death &Dismemberment, Short-Term Disability, Long-Term Disability, and dental insurance.

According to the announcement, the offering includes:

• Group Term Life Insurance and Accidental Death & Dismemberment (AD&D)
  • Flat amounts up to $50,000 or 1x annual salary up to $50,000
  • Dependent coverage amounts of $2,000 spouse/$1,000 child(ren)
  • 24-hour AD&D coverage
  • Life waiver of premium for total disability
  • TravelConnect travel benefits provided at no cost
  • BeneficiaryConnect free assistance to help beneficiaries cope during a difficult and emotional period
  • Accelerated death benefit
  • Air travel claims up $25,000
• STD (Short-Term Disability)
  • 50% / 60% benefit to a maximum of $1,500 per week
  • Choice of benefit periods: 13 or 26 weeks
  • Elimination periods of 1/8, 8/8, or 15/15
• LTD (Long-Term Disability)
  • 50% / 60% benefit to a maximum of $6,000
  • Additional 10% Progressive Income Benefit
  • $100 minimum
  • Benefit durations of two years, five years, or Social Security Normal Retirement Age (SSNRA)
  • Employee Assistance Program (EAP)
  • Family Care Rider
  • Elimination period of 90 or 180 days
• Dental
  • Coverage for preventive, basic, and major services
  • 100/80/50 or 80/60/40 plan designs
  • Deductibles: $50 or $100
  • $1,000 or $1,500 annual maximums
  • PPO or indemnity plans
  • Periodontics and endodontics covered as part of major services
  • Employee support via access to the Lincoln DentalConnect web site

Lincoln said the product is not yet available in Colorado in Pennsylvania.