Employee Benefits | FJG/FYI
By Defnintion?
Mitch Fleischer
President, Fleischer Jacobs Group
Consider this. You’re injured at work and become disabled. Not good. However, you’re covered under the company’s group disability plan. Better. But your claim is denied because you don’t meet the insurance policy’s definition of “disabled”. Worst.
To avert this potentially disastrous outcome, employees are encouraged to meet with their benefits administrators to find out exactly how the company’s disability insurance policy defines “disabled” and what the time period is during which disability benefits are paid.
Most group policies cover only a certain percentage of an employee’s salary. If the employer pays the policy premium, benefits generated by a claim are taxable. These and other aspects of group disability insurance lead many employees to supplement with individual disability policies.
Most of our policyholders come to FJG because their family, friends or neighbors recommend us. Advice from someone you trust is always a good thing but it takes more than good advice for us to keep you as a satisfied member. It takes employees and representatives committed to giving you the best service possible. We represent many different insurance companies so we can give our clients the largest number of program options. If you are interested in more information or a consultation about your current disability insurance needs, please give us a call or stop in to see us. Visit us on the web for useful financial tools and information.
Note: Statistics show that employees are more likely to become disabled than to die, which makes disability insurance more important than life insurance