Group Insurance Contracts issued to an employer who covers all the employees. Benefits usually begin after 90 to 180 days and usually are payable to age 65. The definitions are usually stricter than those found in an individual contract. Pre-existing conditions are normally restricted. Coverage for illnesses such as mental, nervous, drug addiction or alcoholism are normally restricted to limited benefits.
Coverage ceases at termination of employment and generally has a limited or no conversion option.
Rates may be revised, coverage changed, or the policy itself may be canceled at the contract anniversary. Group Long-Term Disability Payable after 90 or 180 days with benefits payable to age 65. The employee may select to enroll personally and pay the premium through a payroll deduction plan. The number of days that must be accumulated from the date of the accident or illness before becoming eligible for benefits. The contract definition of total disability varies.