My employer provides group disability insurance. Do I need additional individual disability insurance?
Group insurance plans through an employer can provide needed coverage. An individual needs to know if the plan covers illness and injury, for how much and for what period of time. Some group policies provide coverage only if injured on the job and only for a short period of time. Some employers provide no group coverage at all. Many individuals have multiple policies that cover long term disabilities.
Check with your employer or human resources department to get the details of the group disability insurance coverage. Find out how disability is defined in the plan, how long the plan would pay you benefits if you became disabled and what income is covered (salary, bonus, overtime...) Some group plans provide coverage for a short time, or for on-the-job injuries. Once you know the details of your group coverage, contact us and we can help you determine whether you need individual disability insurance and how much.