Given Long Term Disability Plans were initially created for the “salary-only” employee, they can be poorly suited for companies with varied employee populations who receive compensation in various forms. Highly compensated employees get shortchanged due to the lack of coverage for bonuses and other incentives. At little or no cost and without administrative hassles to the company, disability plans can be restructured to offer employees coverage that addresses these concerns during working years and into retirement.
Many corporate Long Term Disability Plans do not protect employees to the extent they expect. Benefit maximums, tax implications, and covered compensation limitations can result in benefits that are far less than expected at claim time. Our designs incorporate a combination of group and non-experience rated contracts to more fully protect employees. In many situations, our improved designs can result in an immediate cost savings and long term rate guarantees. Our enrollment procedures, quality assurance, and administrative systems set EBS apart.