Our clients’ careful approach to their professional lives often extends to their personal lives, making them a lower-risk group. PSET allows employers to capitalize on this risk profile by offering customized Long-Term Disability, Short-Term Disability, and Life Insurance plans for professional service firms, all at highly competitive rates.
OUR PRODUCTS
Long Term Disability | Short Term Disability | Life
Why Offer Group Disability Insurance?
Group disability insurance offers employee’s financial protection. If they are unable to work due to illness or injury, it replaces a portion of their income, allowing them to focus on recovery instead of worrying about finances. Employees rely on their income for everyday expenses and major financial obligations like rent or mortgage payments. When illness or injury prevents them from working, disability insurance provides crucial financial support, giving peace of mind that employees truly appreciate.
Offering group disability insurance also strengthens your benefits package, helping to attract and retain top talent.
WHY CHOOSE PSET?
SUPERIOR TAILORED COVERAGE
PSET offers customized plans tailored specifically to your group’s needs. Our Own Occupation Specialty Definitions of Disability, high income limits, and class distinctions optimize coverage for a wide range of circumstances and employee classes.
TOP NOTCH SUPPORT
We are committed to delivering exceptional customer service. Our team of specialists is here to answer your questions, resolve any issues, and provide support for both employers and employees.
RELIABLE CLAIMS SERVICE
PSET is proud to partner with Standard Insurance Company, who’s expert claims team ensures efficient and accurate claims processing, reducing administrative burdens and improving turnaround times.
STRONG ANCILLARY BENEFITS
All PSET LTD and Life plans include a robust suite of additional services and programs including Travel Assistance, Employee Assistance Program, Stay at Work Program, Life Services, and Will Prep. Details below.
LONG TERM DISABILITY
Long Term Disability (LTD) coverage provides partial income replacement when employees are unable to work due to a prolonged illness or injury.
TAILORED PLANS
PSET offers a variety of flexible options for group disability insurance, allowing employers to customize coverage based on benefit percentages, maximum benefits, elimination periods, and more.
STRONG POLICY LANGUAGE
One key aspect of our policy is the use of the word “or” in the definition of disability. This allows employees to qualify for benefits if they are unable to perform most of their job duties or if they are earning less than 80% of their Predisability Earnings while working in their own occupation.
COMPREHENSIVE BENEFITS
All PSET LTD plans include The Standard’s Employee Assistance Program and Stay at Work Benefit, which helps keep employees productive by addressing health issues early. Workplace Possibilities consultants collaborate with experts to create tailored plans that support employees in staying at or returning to work.
See below for additional features that distinguish the PSET LTD plans:
GUARANTEE ISSUE
Coverage up to $10,000 per month is available without submitting evidence of insurability. Evidence may be required for higher amounts.
PARTIAL DISABILITY IS ALWAYS COVERED
During the Benefit Waiting Period and the Own Occupation Period, you are partially disabled when you work in your own occupation but, as a result of physical disease, injury, pregnancy or mental disorder, you are unable to earn 80% or more of your indexed predisability earnings in that occupation.
OWN OCCUPATION BENEFIT PERIOD
Definition of Disability for the entire benefit period is built in feature for all Professionals.
Your LTD Plan Includes:
SHORT TERM DISABILITY
A PSET Short Term Disability plan can provide the critical income protection needed during the Elimination Period of the Long Term Disability coverage. PSET plans offer benefits that are payable on the first day following an accident or the eighth day of an illness.
PSET provides 24-hour coverage for Disabilities that occur on or off the job.
DEFINITION OF DISABILITY
A person is Disabled if, as a result of Sickness, Injury or Pregnancy, that person is unable to perform with reasonable continuity the material duties of his or her Own Occupation.
DEFINITION OF PARTIAL DISABILITY
A person is Partially Disabled when he or she continues to work for the employer but, as a result of Sickness, Injury or Pregnancy, is unable to earn more than a determined percentage of Pre-disability Earnings.
GROUP LIFE INSURANCE
The PSET Group Life age reduction schedule allows for a larger and more meaningful benefit, at older ages, than is commonly available with other plans. Our policy also provides for an accelerated benefit in the case of a terminal illness.
The following additional benefits are built into the PSET Group Life and AD&D coverage:
SEAT BELT/AIR BAG
CAREER ADJUSTMENT
CHILD CARE
HIGHER EDUCATION
