While Social Security disability payments can provide a disabled employee with a percentage of income, these benefits also come with strict guidelines. A disabled employee can wait up to a year to start receiving financial assistance. And Social Security denies a high percentage of workers applying for benefits.
Did you know that income provided by a disability insurance policy is tax-free?
Providing your employees with this added protection – which can provide up to 100% or pre-disability earnings - can help them relax in the knowledge that their bills will be paid and they’ll have a roof over their heads in the event of potentially catastrophic health problems. Statland & Katz associates can advise you on a policy for your employees. And your employees will thank you with higher levels of performance and loyalty.
A Statland & Katz success story: Our personal life experiences with family member disabilities make us a very strong advocate for buying disability income insurance. Without disability income insurance, Sam’s dad, (Julie’s grandfather), lost his business and home, and suffered financial ruin because of a stroke. With disability insurance, Hersh Katz,, after several heart attacks, protected him, his family and Statland & Katz from financial ruin.