Group LTD – A Financial Time Bomb
Relying solely upon employee benefits will economically cripple an individual if that person were to suffer a total disability due to illness or injury before retirement. Consider an employee with the following benefits: Group LTD – 60% of income to $5,000 per monthGroup Life/AD&D – benefit of two times incomeGroup Medical Insurance – comprehensive coverageAnnual income of $120,000 At first glance, this appears to be a solid, appropriate employment package, but it is severely flawed…