Most individuals are aware of their health status and their family’s history of diseases. But health conditions aside, an accident or stroke or anything in between can rob us of our independence. Impairment, isolation, and inaccessibility can trigger immense stress. Have you considered weaving long-term disability coverage into your company’s financial planning – in case the unthinkable happens?
Physical access barriers that restrict mobility are only some of the challenges that disabled people face

Disability. When most of us hear the term, we picture someone injured in an accident. But the reality is far different: Multiple sclerosis. Parkinson’s. Anxiety. Musculoskeletal issues. Heart conditions. Back disorders. These are some of the leading causes of disability. They can strike any of us at any time. In fact, according to the Council on Disability Awareness before age 65 the risk is more than 30% greater than the risk of death.

An employer-provided group long-term disability or LTD plan is a great foundation and, in our opinion, one of the best benefit dollars to spend.
But group LTD was never intended to serve the needs of your highest-paid people who are often driving the most value for your organization. Group LTD formulas always have a cap on the benefit amount and rarely cover anything other than base salary.

Current Group Long-Term Disability Coverage

Current Group Long Term Coverage Chart

What sounds like a strong enough benefit (“66 2/3% of salary is covered”) falls far short of actual cash compensation. This Graph charts the results of actual analysis for one client.

What’s worse is that you may discover this limit when it’s too late to do anything about it. May is Disability Insurance Awareness Month, and we invite you to have a conversation with us to learn how we helped this client bridge the gap and provide greater financial security for their key people.

IZALE founder and CEO, Scott Richardson has been delivering unsurpassed experience to clients for four decades, helping them execute optimal compensation packages. He delivers rich insight to clients by helping them structure compensation, nonqualified benefits, and both bank-owned life insurance (BOLI) and corporate-owned life insurance (COLI) plans.

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