Disability insurance empowers your employees with the financial security they need to focus on their recovery, not their finances

Boost Recovery, Boost Productivity: Disability Income Protection


When an Employee Can't Work, Everyone Suffers. Colonial Life Insurance Offers the Support Your Team Needs.

Securing a Safety Net for Your Employees and Your Business

Imagine an employee facing a disabling illness or injury. They could find themselves unable to work for an extended period, leaving them with a significant financial burden. Without a steady income, everyday expenses become overwhelming, adding stress to an already difficult situation for them and their family.

Disability insurance provides a crucial safeguard, offering income protection when an employee is unable to work due to common conditions such as:

  • Pregnancy and childbirth

  • Cancer

  • Heart attacks and strokes

  • Back and joint disorders

  • Accidents and fractures

With a financial buffer in place, disability insurance allows your employees and your company to focus on recovery and success, instead of worrying about uncertainties.


A Solution Designed with Both Sides in Mind

For Employers and HR Professionals:

  • Craft a strong benefits package that attracts and retains top performers without adding unnecessary expenses to your budget.

  • Manage rising insurance costs through voluntary benefits and explore opportunities for cost savings.

  • Streamline your processes and save time and money on managing leave, advancing paychecks, and coordinating benefits for disabled employees.

  • Minimize administrative tasks with our user-friendly enrollment solutions and 24/7 support.

For Your Employees and Their Families:

  • Gain peace of mind knowing they can prioritize their health and recovery without the burden of financial stress.

  • Receive direct benefit payments (unless they specify otherwise) to use as they see fit, regardless of other insurance policies they hold.

  • Customize their disability benefit amount and elimination period to best meet their unique needs.

  • Enjoy the flexibility of portable policies, allowing them to maintain their coverage even when they change jobs.

FAQS

What is the difference between term life insurance and whole life insurance?

Term life insurance provides coverage for a specified term, typically 10, 20, or 30 years. It offers a death benefit to your beneficiaries if you pass away during the term, but it doesn't accumulate cash value. Whole life insurance, on the other hand, provides lifelong coverage and includes a savings component that builds cash value over time. While term insurance is usually more affordable, whole life insurance can serve as both protection and a long-term investment.

How does cancer insurance differ from my existing health insurance?

Cancer insurance is designed to provide additional financial support specifically for cancer-related expenses that may not be fully covered by your health insurance. It can help with costs like treatment, medication, travel, and even lost wages due to illness. While health insurance covers a wide range of medical expenses, cancer insurance focuses on providing targeted financial assistance for the unique challenges posed by a cancer diagnosis.

How does health insurance work in a group plan?

Group health insurance is typically provided by employers to their employees. In a group plan, the employer negotiates with an insurance provider to offer coverage to all eligible employees. Employees usually share the cost of premiums with their employer. Group health plans often provide comprehensive coverage and lower premiums than individual plans. When you need medical care, you'll typically pay a portion of the costs (such as copayments or deductibles), and the insurance plan covers the rest. Group health insurance is a valuable employee benefit and helps individuals access essential healthcare services at a reduced cost.