Long Term Disability

Long Term Disability Insurance from Madison National Life Insurance Company, Inc. can play an important role in providing a financial safety net for workers by helping to protect their income in the event of a disabling injury or illness.

Strengthen your workforce by helping to protect employees’ income in the event of a disabling injury or illness with Long Term Disability Income insurance through Madison National Life.

The absence of emergency savings and rising medical costs today is creating a growing concern for many workers. A long term illness or injury can devastate personal finances. While a worker may have enough savings to weather a month’s reprieve from work, a five year battle with cancer can quickly drain financial resources.

Madison National Life enables employers to help provide their workers with additional financial security and peace-of-mind through long term disability insurance.

Advantages of Madison National Life’s Group Term Life Insurance

• Premiums can be fully paid by the employer, shared or voluntary
• 1099 workers are eligible
• Guaranteed issue (no evidence of insurability) benefit amounts available without health questions, and simplified medical underwriting for higher benefit amounts
• Choice of pre-disability earnings benefit percentage
• Range of elimination periods to coordinate with an existing sick leave and/ or short term disability plan
• Variety of benefit periods – benefits can be paid until retirement age or shorter
• Variable definitions of disability – total, partial or residual definitions of disability can be selected¹
• Work Incentive Benefit – receive partial benefit for limited return to work
• Upgrade to one or more options:
  • Waiver of Premium – no payment due when totally and permanently disabled
  • Survivor Benefit – lump sum payment when death occurs while receiving disability benefit payments

For a complete explanation of benefits offered, including list of limitations and exclusions, please see the Certificate of Insurance to learn more.

1. Varies by state