Help employees with disability protection

Income protection for your valuable employees

As a business owner, you may have fringe benefits or bonus plans in place. What about income protection if an employee becomes disabled and can’t work?

An additional benefit to consider is individual disability income (DI) insurance. You may choose to provide this benefit and pay the premiums; offer the benefit on a voluntary basis; or share the premium with your employees.

You can offer individual coverage to multiple employees, as a group and at a discount through a Multi-Life Guaranteed Standard Issue (GSI) program.

Multi-Life GSI: Protect a group with individual policies

By sponsoring an income-protection plan for your employees, you can help them protect against disability, which can attract and retain the best talent. With a Multi-Life GSI program, your defined group of employees may be eligible for individual policies that stand alone or supplement any long-term disability program you may also offer.

Employers with 25 to 1,000 employees are among the most likely candidates for Multi-Life GSI programs.

Multi-Life Guaranteed Standard Issue provides:

An incentive to retain employees

Provide an income-protection benefit at a discount to help retain your top people.

Individual coverage to a group

Offer non-cancellable DI policy coverage to multiple employees through one program at a discount.

Simple applications

Your employees apply for individual coverage as a group so the application process requires fewer questions.

A bit of guidance can help

Offering individual income protection to your employees through a Multi-Life GSI plan is an added benefit for them and your business.

Our financial professionals can help your business establish a Multi-Life GSI benefit by:

  • Assisting in defining the eligible group of employees.
  • Providing the necessary application materials
  • Helping you create a potential deductible business expense if the premiums are paid through your business.

Want to learn more about disability income insurance?

Understanding DI How much do I need? CALCULATOR

Disability income insurance policies issued by Ohio National Life Assurance Corporation. Product, product features and rider availability vary by state. Guarantees are based upon the claims-paying ability of the issuer. Disability income insurance is not available in CA. Issuers not licensed to conduct business in NY.

Disability income insurance policies contain exclusions, limitations, reduction of benefits and terms under which the policy may be continued in force or discontinued. For complete details of coverage, contact your financial professional or the company.