Coverage employees need when it counts the most.
For most employees, the ability to earn an income is their most valuable asset. Disability insurance from ManhattanLife helps protect an employee’s and their family’s assets in the event of a disability or illness. ManhattanLife offers two different short-term disability policies – ManhattanLife Disability Income Plus as part of our Prestige series, and CentralCare Disability through our Premier series.
DISABILITY STATISTICS
51M
At least 51 million working adults in the United States are without disability insurance other than the basic coverage available through Social Security.1
5.6%
Approximately 1 of every 20 working Americans, or 5.6%, will experience a short-term disability (six months or less) due to illness, injury, or pregnancy on average every year. Almost all of these are non-occupational in origin.2
$400
Almost half of American adults indicate they can’t pay an unexpected $400 bill without having to take out a loan or sell something to do so.3
Disability Income Plus
When an accident or illness leaves an employee disabled, Disability Income Plus can help. It provides a monthly benefit while he or she is no longer able to work, helping pay bills, covering housing costs, food, car payments, or additional medical costs. Benefits begin the first day after the waiting period and are payable through the duration of the benefit period, or until recovery, whichever occurs first.
DISABILITY INCOME PLUS BENEFITS
Accident and sickness
Provides coverage for disabilities caused by an accidental injury or sickness
Accident and sickness with elimination period waiver for sickness
If the employee is confined to a hospital during the elimination period (EP) due to a covered sickness, the balance of the EP is waived
ADDITIONAL DISABILITY FEATURES
Partial disability
Recurrent disability
Waiver of premium
Portability
CentralCare Disability
CentralCare Disability can provide a source of income to help employees continue to pay normal living expenses as well as additional expenses that may have been created by the covered injury or illness. The benefits do not cover all non-medical expenses. However, the benefit payment you receive can be used to pay any of your medical or non-medical costs not paid by any other insurance.
CENTRALCARE DISABILITY HELPS COVER
Mortgage (or rent)
Car payments
Food
Gas
Clothing
Insurance
Utilities
Medical expenses not covered by other plans
PLAN FEATURES
Four plan designs to choose from Issues ages 18-69
Off-the-job covered accident or sickness
Guaranteed Issue available to a maximum of $2,000 per month
Additional benefits to a maximum of $6,000 per month
Benefit exclusions and limitations may apply to the policy.
For additional information about this or any of our other quality products, please contact us or your ManhattanLife Agent or Broker.
DISABILITY STATISTICS
48%
Only 48% of American adults have enough savings to cover three months of living expenses in the event they are unable to earn any income.2
1 in 4
More than one in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they reach normal retirement age.4
33%
Of all the adults age 18 to 44 in the U.S. dealing with disabilities, 1 in 3 have an unmet healthcare need in the past year due to cost.5
This is not a policy of workers’ compensation insurance. The employer does not become a subscriber to the Workers’ Compensation System by purchasing this policy, and if the employer is a non-subscriber, the employer loses those benefits that would otherwise accrue under the Workers’ Compensation Laws. The employer must comply with the Workers’ Compensation Law as it pertains to the non-subscribers and the required notifications that must be filed and posted.
Sources for statistics: 1American Council of Life Insurers; 2Integrated Benefits Institute: Health and Productivity Benchmarking 2016; 3Federal Reserve: Report on the Economic Well-Being of U.S. Households in 2016; 4Social Security Administration; 5Centers for Disease Control and Prevention: disability Impacts All of Us, 2019