Financial Services Industry
Industry: Email Alert RSS FeedFortis STD plan includes partial disability benefit. (Fortis Benefits Insurance Co., short-term disability insurance) (Product Announcement)
National Underwriter Life & Health-Financial Services Edition, May, 1994 by Koco, Linda
Fortis Benefits Insurance Co has introduced a new short-term disability (STD) insurance product for the group market, Fortis Link, that the company is marketing as a vehicle to reduce employers' group disability insurance costs. Fortis Link has some features of traditional long-term disability (LTD) policies, such as vocational and rehabilitation benefits, and is being introduced as a 'seamless' product that bridges the gap between LTD and STD claims.
Fortis Benefits Ins. Co. believes its new short-term disability policy will help reduce overall group disability costs.
Called Fortis Link, the contract differs from traditional STD plans in two key ways: It offers long-term disability features, such as partial disability benefits and vocational and rehabilitation...
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