At EJA/Capacity Benefits Agency, we offer our business clients the ability to help themselves and employees plan for tomorrow with Life and Disability insurance solutions. We understand how important it is for people to know that there is a safety net available should they die prematurely or become disabled, impacting the financial standing of their loved ones. Our Life & Disability solutions allows employers to provide these important products at better rates than what would be available on an individual basis.

Life Insurance Options

Life insurance is a key component of a comprehensive financial plan, which is why top employers offer Life insurance as an employee benefit. You can choose from a variety of coverages and options to design a competitive benefit plan that fits your needs and budget. You select the coverage and benefit amounts your plan will offer, and pay all or part of the premium, while employees pay for supplemental coverage.

  • Term Life insurance: This policy provides coverage for a certain time period, and is designed to protect an employee’s dependents in the event of his or her premature death.
  • Whole Life insurance: This policy provides lifelong coverage and includes an investment component known as the policy’s cash value. The cash value grows slowly, tax-deferred, meaning that taxes won’t be paid on its gains while they’re accumulating. Employees can borrow money against the account or surrender the policy for the cash. The premium remains the same for as long as the policyholder lives, the death benefit is guaranteed, and the cash value account grows at a guaranteed rate.

Our Benefits Specialists will help you identify what option fits best in your plan.

Disability Insurance

Help your employees protect their income and financial security with Group Disability insurance. There are two types of policies you can offer, including an integration of both in your benefits plan:

  • Group Short Term Disability (STD) Insurance: This policy is designed to pay a benefit to employees when their income is temporarily interrupted because of a covered illness, injury, pregnancy or mental disorder. This benefit replaces a portion of the employee’s weekly income, helping him or her meet financial commitments just when they may need it most.
  • Group Long Term Disability (LTD) Insurance: Employees under this plan receive a steady stream of income to help cover essential expenses (mortgage payments, childcare, utilities, etc.) during an extended illness or after a disabling accident.

Disability rates and benefits vary based on the age, duties and earnings of your employees.