Easing the Financial Burden of a Work Absence
Although health insurance will typically cover the costs of treating an injury or illness, the vast majority of people will have a difficult time paying for basic necessities, plus costs of living, if they aren't able to work.
Disability insurance under the Chambers Plan provides employees with weekly or monthly income replacement and can replace from 60% to 75% of an employee's earnings.
Comprehensive Protection: Short Term & Long Term Disability Insurance
Two forms of Chambers Plan disability insurance are available:
Short Term Disability Insurance (Weekly Indemnity) replaces an employee's salary if they are unable to work due to injury or illness for up to six months. Benefit maximums range from $800 to $1,200 per week of income replacement.
Long Term Disability Insurance replaces salaries for employees who are disabled for an extended period of time due to illness or injury. Monthly benefits of up to $7,000 are payable for up to 2 years, 5 years or to age 65.