Why we like it:
Our options for International Disability Insurance for groups are worldwide in scope. They are available for as few as two or three workers assigned overseas. Our options offer coverage to protect your staff anywhere around the globe. They help your staff meet their obligations and support their family with a steady stream of income if they cannot work.
Group Long term Disability Plans (Int’l. LTD) and Short-Term Disability options protect your staff’s families and their finances.
Three plan options to choose from: From Global Underwriters, Petersen and MetLife. Fill out the one quote form and let us get you matching competitive quotes.
Good for:
- International Long Term Disability insurance plans for as few as 2 or 3 workers
- Mandatory, voluntary and hybrid plans available – with group discounts
- Worldwide in scope
- Both Short-Term Disability (STD) and Long-Term Disability (LTD) options
Highlights
We offer International Disability insurance plans for groups that are worldwide in scope. These plans offer coverage to protect your staff anywhere around the globe. We help your staff meet their obligations and support their family with a steady stream of income if they cannot work.
Group International Disability Insurance Plans (Int’l. LTD) protect your staff’s families and their finances.
Int’l. AD&D provides for your workers’ family in case of death, if they are critically injured or lose their sight. Long Term Disability (LTD) offers a source of income if a staff member experiences a long-term illness or injury overseas that prevents them from working as they did before.
Statistics say that if someone needs LTD, they will be out of work for 3.5 years on average. And 1-in-4 workers in their 20’s will need long-term disability sometime during their lifetime. This is according to the Department of Social Security. This number increases when you factor in working abroad, sometimes in poorer conditions or with less access to high-quality medical care.
We offer the following carriers’ international disability insurance plans for overseas staff
GLOBAL UNDERWRITERS SHORT TERM AND LONG TERM INTERNATIONAL DISABILITY INSURANCE
International Short Term And Long Term Disability For As Few As Three Staff Assigned Overseas
Short Term Disability (STD)
- Waiting period of 7 days or 14 days
- Percent of Salary of 60 percent or 80 percent
- War and terrorism rider (option to add)
- Up to 26 weeks of coverage
Long Term Disability (LTD) option
- Waiting period of 13 weeks, 26 weeks, or 52 weeks
- Percent of Salary of 60 percent or 80 percent
- Can cover over $100,000 annual salary when requested
- Up to 24 months of coverage and then will evaluate. If still needing coverage then up to age 65
Petersen International Disability Insurance
International Long Term Disability Insurance For As Few As Three Staff Assigned Overseas
Excess disability insurance for groups of 3 or more
Mandatory, voluntary and hybrid plans available
Huge group discounts
International coverage available
Guaranteed issuance – no exams, labs or medical questions
Three tiered approach to adequate income protections
- Group LTD coverage
- Individual non-cancelable, guaranteed to age 65
- Multi-life guaranteed issue
Metlife International Group Long Term Disability
Group Long-Term Disability For Workers Overseas And Travel Work Abroad
Guidelines:
- Minimum of 50 total worldwide employees.
- Requires a minimum of 2 lives to be covered by the plan.
- May purchase as a stand-alone group LTD. Minimum annual premium is $3,000
- If group LTD and group AD&D are purchased together then combined minimum premium is also $3,000.
- “Evidence of Insurability” is generally not required on LTD, however, there may be situations (virgin coverage, coming from voluntary plan) where it may be requested.
Details:
- LTD coverage without requiring Medical is a possible option
- Covers 60% of earnings
- For full-time Employees of the organization, non-profit or international business (who normally work at least 30 hours per week), and who are U.S. based, or on assignment outside the USA
- Will cover all the way up to age 65 for workers under age 60
– (See Sample LTD Certificate for full breakdown for staff members over 60)
Additional Information
Here at Good Neighbor Insurance it is very important for us to connect with you.
As an international service provider, we want to be sure that you are taken care of while you, your family, and your friends are traveling or residing around the world. It is our honor to serve you!