FAQ - Group vs. Individual Coverage

You can buy disability insurance either as an individual or as a member of a group.

The most common method of purchasing disability insurance is through your employer. Many employers offer, as a part of their benefits package, a group long-term disability policy, Generally speaking, these types of policies are generous and inexpensive. Most of these plans are integrated with the benefits provided by social security or workers compensation. In other words, any benefits you receive from another source will reduce your disability payments from your company coverage a like amount. You can also purchase additional coverage, as an individual, that supplements your company’s policy. In fact, it is extremely important that you review your company’s long-term disability policy in order to know exactly what it does cover. You do not want to be caught off guard. This information is general in nature and should not substitute for the advice of an expert in the field.