When it comes to Employee Benefits, our firm has a rather unique focus- Group Long Term Disability  Insurance (LTD) is our specialty and has been for over 25 years. This also includes Group Life and Short Term Disability Insurance.


Our entry into this market was the result of an observation we made about most Human Resource Departments. We discovered that they spent most of their time on health insurance and very little on LTD. To make matters worse, their insurance broker was managing both health insurance and LTD. They too, spent most of their time on the health insurance. In fact, most brokers consider LTD so secondary that they often refer to it as "Ancillary".


In recent years, this imbalance has grown. Health Insurance now requires even more attention due to ACA. As a result, LTD is overlooked and often overpaid.


We know how to fix that imbalance because we focus on LTD (and Group Life) and not health insurance. Our analysis will will not only reduce plan cost, but also determines if the policy really works when you need it. Remember, life insurance is black and white: it pays out when a person is dead and not when they are alive. Disability insurance has many more grey areas to payout.  We uncover those areas by asking:


  • Are all claims covered? (Many contracts hide provisions that allow maladies like back pain or headaches to be paid for only one or two years!)


  • Is there a compensation coverage limit? The plan may say that it pays 60% of compensation, but has a limit of $5,000. Therefore, anyone earning in excess of $100,000 will receive less than 60%.


  • Does the definition of disability change after 2 years to "any occupation"? If so, the employee may stop receiving insurance payments if they continue to work anywhere.


  • Is the disability payment taxable or tax free to the disabled employee?


  • Is your carrier providing an Employee Assistance Plan at no cost?


  • ​Is the policy with a superb financially rated insurance carrier? An employee who becomes disabled for several years, wants to know that the carrier will continue to make payments for many years. You need not sacrifice price for quality. Most top rated carriers do not charge higher premiums. 


We can review your policy or employee booklet and within two minutes, tell you if your plan contains any of these shortcomings or advantages.












​​​Group Disability Insurance Review: An Easy Cost Reduction

This is an incredibly simple way for any company to reduce costs for something they are paying for anyway. If you would like more information or a copy of our white paper, "LTD: Under the Radar", please contact us.

(That most HR Departments overlook, because they are spending too much time on ACA!)

 Birkenstein Financial