Group insurance companies are sometimes reluctant to extend coverage beyond the notice period needed by law. Many people will end up with only a few or no disability benefits guaranteed by their severance agreements. We can assist in such situations.
The Transition to Long-Term Disability Can Be the Solution
It gets designed to safeguard executives and white-collar employees from the devastating effects of a lengthy and possibly career-ending accident during a career change period. The long-term transition disability could offer up to $10,000 in monthly disability protection during the transition.
Transition Long-Term Disability Can Protect Employers and Employees
The Transition Long-Term Disability could get purchased by the employee or employer and could provide benefits to both parties:
- Employees can safeguard themselves against the detrimental effects of an illness or accident.
- Employers can offer Long Term Disability insurance as part of the severance package. It could reduce liability risk if the employee were to sustain an injury or illness of a severe nature during the severance time.
Legal precedents suggest that employers could be required to maintain every benefit, even disability insurance, for the duration of severance. If they do not, they could be at risk if the terminated employee is disabled during the time.
The Transition of Long-Term Disability can cover quickly and generously. To get a quote for Transition Long Term Disability or to learn about other specialized insurance products, contact Ottawa Life Insurance at (613) 454-1424. You can also send mail to info@ottawa-lifeinsurance.ca for further information.
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