The Group Voluntary LTD Insurance for Educators and Administrators allows school employees to select the features and options that will best fit their personal income-protection needs, according to a press release. The product provides coverage for disabilities that occur 24 hours a day, an Employee Assistance Program (for customers with 10 to 2,500 covered employees), and automatic premium payments via payroll deduction.
Employees are allowed to choose their benefit amount in increments of $100 up to 662/3% of their pre-disability earnings. The product also offers a choice of benefit waiting periods and maximum benefit periods.
More information is at www.standard.com .
« Cronin to Leave Putnam Investment Chief Post