A division of Eifert, French & Ketchum

914-701-5200

Earning your trust for over half a century.

Group Employee BenefitsLife InsuranceMedical InsuranceDisability InsuranceDental InsuranceLong Term Care InsuranceRetirement Plans

DISABILITY INSURANCE

Long Term Disability Insurance

In the event an employee becomes disabled as a result of an accident or a sickness, the employee may receive a percentage of his/her income based upon previous earned income. Policies usually have a waiting period of 3 or 6 months (deductible) and benefits are paid until age 65. Monthly benefits are usually a percentage of earned income, i.e. 60% or 70% up to a specified monthly maximum.

Short Term Disability Insurance

In the event an employee becomes disabled as a result of an accident or a sickness, the employee may receive a percentage of his/her income based upon previous earned income. Policies usually have a waiting period (deductible) of 7 days before benefits begin, and benefits are paid for 26 weeks (6 months).

In some states, mandated disability benefits give each employee a small benefit, and then the employer is able to supplement the basic coverage.