Standard Launches LTD Insurance for School Employees

September 24, 2008 ( - The Standard Insurance Company has introduced a new Long Term Disability (LTD) insurance product for educators and other school employees.

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 .