Search
 

No small change

As employers are constantly looking to attract and attain talent, providing a comprehensive benefits solution is one of the top ways to remain competitive.

By Amanda McGrory-Dixon | Updated on November 01, 2011

As employers are constantly looking to attract and attain talent, providing a comprehensive benefits solution is one of the top ways to remain competitive. Long-term disability insurance, in particular, is often an expected coverage option that provides employees with income protection while protecting an employer’s work force should a tragic event strike.

LTDI is more commonly included in benefits packages by larger companies, as 90 percent of employers with 500 or more employees offer LTDI, but less than 50 percent of employers with 10-99 employees offer LTDI, says Pat Murphy, president of life and disability business at WellPoint in Indianapolis. That trend is beginning to shift, though, says Bryan Brenner, founder and CEO at FirstPerson Benefit Advisors in Indianapolis. Considering most large employers have always had LTDI, small employers have had to adopt LTDI policies in order to remain competitive in the market. While LTDI is still more widely used by large employers, coverage is on the rise among small employers.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO Broker Expo 2025 (BPRO)Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.