When an employee is unable to work due to an illness or injury, it impacts everyone. Provide the support they need during tough times with Colonial Life insurance.
More than half of U.S. consumers worry they would not be able to support themselves if they became disabled and couldn’t work.1
Colonial Life offers a variety of disability products. Talk to your local Colonial Life representative for details.
Individual and group plans have pros and cons. Your Colonial Life sales representative can help you determine the best fit for your business and your employees.
Pros for individual plans include:
Individual plans may have stricter underwriting requirements and more limited rate flexibility, which leads to potentially higher rates.
Pros for group plans include:
Group plans may experience group-level rate increases and are ported or converted at higher rates. Minimum participation requirements are also common.
It's generally recommended for employees to have enough disability insurance to cover 60% of their after-tax income. However, this number varies based on a number of factors, such as their monthly living expenses.
If your company offers long-term disability insurance, you could complement that coverage with Colonial Life short-term disability insurance policies that have shorter benefit periods.
Long-term disability insurance is not available at this time.
No. None of the policies coordinate coverage to the point of claim, and benefits are not reduced due to other coverage an insured employee may have.
Yes. However, the insured employee must qualify for and receive a certain amount of total disability benefits before qualifying for partial disability benefits. The amount of total disability benefits that are required to be received first varies by policy, so check with your Colonial Life representative for details.
Yes. Disability insurance policies may be purchased pre-tax. However, the benefits may be taxable. The higher the monthly disability benefit amount is, the less of a tax advantage it will be for the employee.
No. The policy or certificate must be active at the time of disability for an insured employee to qualify for benefits.
If it's not a pre-existing condition, Colonial Life pays for complications of pregnancy to the same extent as any other covered sickness. In states with a "Giving Birth" exclusion, a birth will not be covered if it occurs within nine months of the policy's effective date.
No. Colonial Life will not provide disability benefits for birth during the first nine months of the policy's effective date. However, if an employee experiences pregnancy complications that are not a pre-existing condition, those complications will be treated the same as any other covered illness.
Filing eClaims and setting up direct deposit is the fastest way for insured employees to receive benefits. To begin the eClaim filing process or see the status of a claim that has already been filed, have the employee log in to their account. If they don't have an account, they can register here. Paper-based claims are also available. For more information on filing a disability claim, see our disability claim page.