Protection Plus—Life and Disability Packages
One Plan. One Price. One Unbelievable Value.
If you're like many small business owners, your loyalty to your workers helps you attract and retain high-quality employees. But when a valued employee is injured and can't work, what are your options? You can continue paying his or her salary, but that can put a strain on your budget. There's a better option—Protection Plus.
The Right Choice
With Protection Plus offered by Indigo Insurance Services, you don't have to choose between your company's financial security and your employees' wellbeing—you can have both. Designed specifically with 2-49 employee businesses in mind,
Protection Plus offers simple, extensive coverage at unbeatable rates. With four packages to choose from and a monthly
cost range of $13-$28 PEPM, it's easy to find the perfect fit.
Protection Plus Package Features:
- Life, Dependent Life..etc.
- One low rate
- Guaranteed rate for two years
- Simple, easy administration
- No integration with disability payments
- Life insurance paid regardless of cause
- AD&D provides 24-hour coverage on and off the job
- Monthly disability payments will not be reduced....etc.
Why Offer Protection Plus?
Did you know that only ten percent of disabilities are workplace related?1 This means that 90 percent of disabilities are non work-related and workers' compensation doesn't apply. This leaves your employees vulnerable to the most common instances of disability. And while Social Security benefits are available for many disabled workers, it often takes up to two years to begin paying benefits.
Protection Plus pays benefits for two to five years. It's a perfect solution for small businesses that want to offer more security than Short Term Disability, but may not have the budget for Long Term Disability. With half of disability claims ending in 24 months,2 Protection Plus gives employees the security of guaranteed income during that critical gap between short and long-term benefits.
Protection Plus Packages
Life Package 1 Code: SGP15 |
Life Package 2 Code: SGP25 |
Life Package 3 Code: SGP35 |
|
| Life Insurance | |||
| Employee | $15,000 |
$25,000 |
$35,000 |
| Spouse | $5,000 |
$5,000 |
$5,000 |
| Child(ren) Child 15 days to 6 months = $100 Child 6 months to 25 years = $2,000 |
$2,000 |
$2,000 |
$2,000 |
| Accidental Death & Dismemberment (AD&D) | |||
| Employee | $15,000 |
$25,000 |
$35,000 |
| Disability Insurance | |||
| Monthly Benefit (Not to exceed 662/3% of employee's monthly earnings) |
Flat $500 |
Flat $1,000 |
Flat $1,000 |
| Benefit Duration | 2 Year3 |
2 Year3 |
5 Year3 |
| Elimination Period | 30 Day |
30 Day |
30 Day |
| Monthly Cost per Employee | $13 |
$21 |
$28 |
For additional information, please contact your broker or account executive.
1."Disability Statistics," last modified Sept 21, 2010, http://www.disabilitycanhappen.org/chances_disability/disability_stats.asp
3. Reducing benefit duration.
