Attracting & Retaining Key Employees: Disability Income Insurance

Related Information

• Disability Insurance Calculator

What is supplemental disability income insurance?

Supplemental disability income insurance replaces a portion of an employee's income should he or she become too sick or hurt to work.

How is supplemental disability income insurance used?

Coverage is used to supplement the current long-term disability coverage your company may be currently providing to employees. Typically, most group long-term disability benefits only pay about one-half of an employee's net monthly income.

What are the benefits of supplemental disability income insurance?

At little or no cost to you, supplemental individual disability income insurance can provide employees with protection at discounted premiums. If coverage also is available under a group LTD plan,¹ for employees who quality for benefits under both, a higher percentage of their income would be replaced.

What are the different types of disability income insurance that can help in attracting and retaining key employees?

• Executive Carve-Out
  Offered to executives as an employer-sponsored benefit.

• Individual, Fully Underwritten Disability Income Insurance
  Supplements employer-provided disability income group benefits.

• Worksite Disability Income Insurance
  Offered to employees on a voluntary basis or as a company-paid benefit.

Prefer to speak to someone about disability income insurance?

• Talk to a Financial Professional

¹ MassMutual does not offer group LTD insurance.