One of the most important assets an employee has is the ability to earn an income. Most employees, officers and non-officers alike, would be financially devastated if they lost their income due to an accident or illness. A group disability plan for employees can help solve that problem.
A group disability plan continues a portion of an employee’s salary while he or she is recovering at home or while in the hospital. The financial burden of losing the salary during the disability is alleviated by the benefits and assures the employee can pay his or her bills.
Either the employer or the employee can pay the premiums for this comprehensive coverage. The two types of group disability plans available through Iowa Bankers Insurance and Services, Inc. are short-term disability and long-term disability.
Forms, Resources and Questions
If you’re enrolled in disability insurance through the Iowa Bankers Benefit Plan (IBBP), you can access the benefit certificate for your insurance coverage, as well as related forms and other resources, by logging into the IBIS Group Benefits Portal.
If you have questions about disability insurance coverage through the IBBP, contact your IBIS territory representative at their direct number or email address, or contact IBIS Customer Service at (800) 258-1415 or benefits@bankers-ins.com.