Bucks Montgomery Physician Winter 2021 - 12

ADVERTORIAL FEATURE

Mit iga t in g R isk
Th rou gh D isa bilit y
In com e In su ra n ce
Disabilities that affect someone's ability to
work can be a serious issue for businesses
and organizations of all sizes. Whether you're
a business owner or a benefits manager,
disability income (DI) insurance can help
replace a portion of your employees' income
if they become too ill or injured to work.
Businesses can use DI as an effective planning
tool to mitigate risk. Offering DI can also
help you to recruit and retain employees.

Income Protection for Employees

If you offer group long-term disability benefits,
the coverage may only protect about half of an
employee's net monthly income. You can help
your employees reduce the coverage gap by
making supplemental individual DI insurance
policies available to them. By offering this valuable
coverage as a voluntary benefit, your employees
can have added protection to help them meet their
financial obligations during a disability, at little
or no cost to the business. MassMutual offers
different DI products to meet the needs of both
small and large businesses and organizations.
Depending on your company's needs, a DI offering
can be either voluntary or employer-paid, and
might be eligible for simplified underwriting.
Regardless of the design, your employees enjoy
discounted premiums and policy portability.

Retirement Protection for Employees

Your employees have worked hard to save for
retirement, and you can offer a way to help them
protect the nest eggs they have built. A major
derailer for many people approaching retirement
can occur if they become too sick or hurt to work,
and are forced to tap into their retirement savings
to meet the expenses of everyday life. A disability
income policy can not only replace a portion of
one's income when a disability occurs, but it can
also be designed to help your employees continue
saving for retirement if they become too sick or
hurt to work. In this way, offering DI policies can
help your business attract talent and build loyalty.

10 BUCKS/MONTGOMERY PHYSICIAN

winter 2021
Bucks Montgomery Physician Winter 2021

Table of Contents for the Digital Edition of Bucks Montgomery Physician Winter 2021
