Multi-life disability plans benefit both the employer and employee. The employer wins by providing an exclusive benefit to key associates at potentially no cost. Key employees, in turn, win by obtaining a more appropriate level of disability income coverage based on their income and current group LTD plan.
Employers have many financial obligations, from employees and vendors to business expenses such as rent and utilities. A work-limiting disability can impact their personal and business finances. A multi-life insurance program provides substantial cost savings because multi-life groups gain discounted premiums.