Nearly three in four Americans say they are concerned about their ability to support themselves should they become unable to work due to a disability.
Principal Financial Group introduces Basic Short-Term Disability, a lower-cost option to its standard disability products, in an effort to give more employees protection from the unexpected.
Available as an employer-paid or voluntary benefit, Basic Short-Term Disability gives employers the opportunity to offer meaningful protection for their employees.
The weekly benefit can be up to $500, allowing a disabled employee to cover essential bills such as utilities, groceries or loans.
“Disability insurance doesn’t need to be complicated, which is why we’re introducing a simple, easy way for employers to offer their employees protection against the unexpected,” says Tyler Matheny, disability assistant product director for The Principal. “Employers who have not offered disability coverage in the past, now have a range of basic options designed to meet the specific needs of their employees.”
Basic Short-Term Disability is offered as an alternative to the standard short-term disability product, which is still available to those looking for additional flexibility and features.
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