Surveys have shown that there’s a good chance that 1 out of 4 20-year-olds will become disabled before reaching retirement age.Employees are eager to plan and secure their retirements, but they’re usually not prepared to face circumstances where they become unable to work. Simply put, disability insurance isn’t on most employees’ radar and very few of them are likely to consider, let alone sign up, for disability benefits on their own.

Disability insurance benefits make sure that employees continue to receive their paycheck in case of unforeseen illness or disability that would prevent them from working. The insurance, however, will not replace all of a person’s wages — just a portion of it.

Disability insurance may not provide full wage replacement, but employees can still receive up to 60% of their monthly income, which is way better than nothing.

So as an employer,do you think your company should offer employee disability benefits?

If your business is operating in a state where disability insurance is a mandated requirement, then without a doubt, you should. But if you aren’t obliged to offer one, should you?

Well, offering disability benefits can be mutually beneficial. It ensures that your employees are still compensated in the event of unforeseen circumstances gives them peace mind. As a result, you can get more dedicated and productive individuals working for you.

No one wants to end up using their disability benefits, but your employees will be grateful to have them.

For more information about disability benefits, feel free to contact one of our insurance advisors here at Bennett and Porter. Let our team of experts guide you in picking the right employee disability insurance that suits your needs and budget!