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.

Benefit designs are customizable and can be scaled up or down depending on the budget and need.

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

Engage with Madison National Life for Long Term Disability Insurance

Madison National Life helps strengthen your workforce.
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