Benecaid is introducing new automatic issue, long-term disability coverage pools from Fenchurch General Insurance Company.

What is Long-Term Disability Insurance?

Long-Term Disability insurance (also known as LTD insurance for short) is a type of employer-provided group insurance policy that provides income replacement for employees when they are unable to work due to illness or injury. As the name implies, Long-Term Disability insurance is meant for long-term absences of 18 weeks or more, and supplements a percentage of an employee’s salary.  To learn more about Long-Term Disability insurance, click here.

Fenchurch LTD Coverage Pool

Many small companies often don’t have the same options able to them as larger businesses, especially when it comes to disability leave.

Benecaid now offers long-term disability coverage designed specifically for groups and Health Spending Accounts (HSAs) of less than 5 people. This guaranteed issue plan means no medical underwriting, and coverage is available on the spot.

This long-term disability coverage pool product is a first-of-its-kind offering that is the perfect complement to a defined contribution plan like a Benecaid HSA. Price is pre-set, coverage is competitive, and enrolment is simple!

Product Features Include:

• No medical underwriting
• Competitive pricing
• 119-day elimination period
• 2-year own occupation
• Coverage to age 65

The Fenchurch LTD Coverage Pool is Perfect For:

• Tradespeople
• Professionals
• Small organizations
• As an add-on to a Health Spending Account (HSA)

Reach out to one of our Benefits Consultants to discuss pricing, coverage details and answer any questions you might have.

Our Benefits Consultants can also be reached by phone at 1-877-797-7448 or email sales@benecaid.com.