Lincoln Financial Group Enhances Group Short-Term Disability Benefits
27 Janeiro 2010 - 2:30PM
PR Newswire (US)
PHILADELPHIA, Jan. 27 /PRNewswire-FirstCall/ -- The Group
Protection segment of Lincoln National Corporation (NYSE:LNC) today
announced the enhancement of its group short-term disability
products. With new features such as Enhanced C-Section Benefit,
Rehabilitation Assistance and Family Income Benefit, Lincoln's
short-term disability coverage now offers policyholders additional
ways to help secure their financial futures and protect their
families against the financial loss that a disabling injury or
illness can bring. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050830/LFLOGO ) "Lincoln
takes the standard short-term disability coverage a step further,"
said Dave Swanson, Vice President, Product, Risk & Business
Technology Management. "In addition to providing much-needed income
replacement, Lincoln's enhanced benefit solutions include new
benefits which help support and assist employees in their return to
wellness, as well as help families financially after the death of a
disabled insured." Lincoln's new group short-term disability
benefit enhancements include: Enhanced C-Section Benefit More and
more mothers are undergoing C-sections rather than traditional
births. In fact, the C-section rate in the United States has risen
for eleven straight years and now accounts for 31.8% of births.(1)
Lincoln recognizes this changing reality and also understands the
importance of the time mother and baby need after this surgical
procedure. The enhanced C-Section Benefit offers an expanded
standard benefit period, to accommodate a longer eight-week
recovery time. The C-Section Benefit is one more example of
Lincoln's commitment to provide valuable benefits to its customers,
which specifically address their needs. Rehabilitation Assistance
Benefit Employees want to get back to work as soon as possible.
Lincoln's Rehabilitation Assistance Benefit consists of three
valuable components to assist them in their efforts to
return-to-work. First, the Rehabilitation Incentive Benefit is
designed to encourage disabled employees' participation in valuable
rehabilitation programs by providing an increased benefit amount to
those who participate in an approved program. In addition, Lincoln
tailors vocational rehabilitation programs to each individual's
needs for recovery with the Vocational Rehabilitation benefit.
Finally, Lincoln also helps employers by providing a reimbursement
for accommodations employers make on behalf of a disabled employee
to facilitate their return to work through the Reasonable
Accommodation component of the Rehabilitation Assistance Benefit.
The reimbursement can be used to help pay for adaptive furniture,
additional equipment, or renovation of a workspace. Family Income
Benefit For families already dealing with the financial impact of
the disablement of a breadwinner, it can be a significant challenge
for them to cope should their loved one die while disabled.
Expenses don't stop when the disability coverage ends. However,
Lincoln's Family Income Benefit now provides a "paycheck" to help
bridge the family expenses until life insurance benefits can be
collected. This important benefit allows families to focus on
healing their grief; Lincoln provides the income they need to help
pay the mortgage, buy groceries, and cover other daily expenses. As
with all Lincoln group programs, the new Lincoln disability
coverage will be supported by Lincoln's I-Team(SM), which creates a
seamless and streamlined implementation process. This offers
employers further simplification of the administration process and
shortened time cycles for the issuance of policies in Lincoln's
Life and Disability product lines. Group insurance products are
issued by The Lincoln National Life Insurance Company (Fort Wayne,
IN), which does not solicit business in New York, nor is it
licensed to do so. In New York, group insurance products are issued
by Lincoln Life & Annuity Company of New York (Syracuse, NY).
Both are Lincoln Financial Group® companies. Product availability
and/or features may vary by state. Limitations and exclusions may
apply. About Lincoln Financial Group Lincoln Financial Group is the
marketing name for Lincoln National Corporation (NYSE:LNC) and its
affiliates. With headquarters in the Philadelphia region, the
companies of Lincoln Financial Group had assets under management of
$137 billion as of September 30, 2009. Through its affiliated
companies, Lincoln Financial Group offers: annuities; life, group
life and disability insurance; 401(k) and 403(b) plans; and
comprehensive financial planning and advisory services. For more
information, including a copy of our most recent SEC reports
containing our balance sheets, please visit
http://www.lincolnfinancial.com/. (1) National Vital Statistics
Report, March 18, 2009
http://www.newscom.com/cgi-bin/prnh/20050830/LFLOGO
http://photoarchive.ap.org/ DATASOURCE: Lincoln Financial Group
CONTACT: Heidi St. Jean of Lincoln Financial Group,
+1-860-466-1759, Web Site: http://www.lfg.com/
Copyright