Disability insurance supports income protection
When your employees are unable to work due to a covered injury or sickness, disability insurance provides the financial support to help cover their ongoing expenses in tough times.
Common causes of disability claims*
Disability insurance may provide income protection for a range of medical conditions, including:
- Musculoskeletal and joint disorders
- Pregnancy and childbirth
- Injuries
- Behavioral health
- Cancer
Kim’s disability benefits story
Advantages for employers and employees
Here’s how offering our disability coverage supports your business and your employees.
For employers and HR professionals
- Customize a benefits package that helps attract and retain high-performing employees, without adding costs to your bottom line
- Manage the rising costs of coverage through voluntary benefits and potential tax savings
- Save time and money on advancing paychecks and coordinating benefits for disabled employees
- Simplify plan administration with our benefits enrollment and management tools
For your employees
- Customize the amount of their disability coverage to best meet their needs
- Choose to keep their coverage if they change jobs or leave the company with some policy options
- View their benefits and file their claims quickly with our intuitive portal for policyholders
What popular features in the policyholder portal help employees use their benefits?
Check on policies and personal info
- See the status and get a copy of their policy
- Check their premium amount and due date
File and review claims online
- File or check on the status of a claim
- Set up direct deposit for quicker benefit payment
Colonial Life offers a range of group and individual insurance plans with customizable features. For more information, contact your Colonial Life representative or click here.
If your company offers long term disability insurance, you could complement that coverage with Colonial Life short term disability insurance policies.
Colonial Life now makes long term disability insurance from Unum available to employers. For more details on offering this coverage, talk to your insurance representative.
It's generally recommended to have disability insurance that covers 60% of after-tax income. This recommended percentage can vary based on the employee’s needs, such as their monthly living expenses.
Colonial Life offers options for individual or group policies that cover partial disability. Talk to your Colonial Life representative for more details.
Several states now offer paid medical leave (PML) for covered health conditions when employees are unable to work. However, your state’s PML program may not provide sufficient coverage or last as long as they need.
Colonial Life offers a flexible income protection option that can complement and supplement state PML programs.
Yes. Disability insurance policies may be purchased pre-tax. The benefits may still be taxable. The higher the monthly disability benefit amount is, the less of a tax advantage it will be for the employee.
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*Colonial Life internal data, 2024.
Long Term Disability insurance is underwritten by Unum Life Insurance Company of America, Portland, ME.
Policy forms marketed by the company are too numerous to list in the advertisement, but a list can be provided upon request.
Colonial Life and Unum are registered trademarks and marketing brands of Unum Group and its insuring subsidiaries.