To help employees and their families address problems related to financial and legal concerns

Standard Insurance Company (Standard), a subsidiary of StanCorp Financial Group, has launched Your Choice Group Voluntary Long Term Disability (LTD) insurance. Available in most states, its features are combined with certain Short Term Disability (STD) features.

Standard said that the product allows employees to choose the coverage and features that meet their personal income-protection needs. Further, employees can select the features that are suitable to their personal income-protection needs. These choices include three available maximum benefit period options, six available accident/sickness benefit waiting periods, and monthly benefit amounts that can be selected in $100 increments.

The company added that in addition to its many other income-protection features, for groups with 10 to 2,499 insured employees, LTD includes a confidential Employee Assistance Program (EAP) provided through an arrangement with Horizon Behavioral Services. The EAP helps employees and their families address problems such as stress and anxiety, financial and legal concerns, alcohol and drug abuse and child or elder care.

Luce Giroux, second vice president of Product Management, said: “Your Choice is an affordable way for employers to help employees protect their income, their lifestyles and their families. It’s a win for everyone. For the employer, administration is simplified since one plan can meet all of their employees’ disability needs. For the employee, it’s all about choice.”