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Products June 11, 2001
Standard Insurance Rolls Out Key Employee Coverage
November 6, 2001 (PLANSPONSOR.com) - Standard
Insurance Company has introduced a new provision called
Executive Benefits Income Protection, allowing employers to
provide enhanced long-term disability coverage for executives
and key employees.
Reported by Nicole Halsey
Executive Benefits plans incorporate the features typical of individual insurance policies with those of group policies into integrated coverage, featuring higher percentages of income coverage and streamlined underwriting.
Executive Benefits plans also simplify administration with integrated claims processing.
Additionally, The Standard’s Executive Benefits plans provide employees with an incentive to return to work by enabling them to receive up to 100% of their pre-disability income through a combination of monthly benefits and work earnings.
Catastrophic and lifetime security benefits provide extended benefits to employees who suffer catastrophic illnesses.