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Group Disability Insurance

Call Us Today to Get Your FREE Quote for Group Disability Insurance


If one of your employees were disabled and unable to work as a result of an accident or illness, how would they make up for the lost income? As a compliment to health insurance, disability insurance acts to replace lost income in the event of an event that causes time away from work.  


There are two types of disability policies:


Short-Term Disability (STD):

STD have a waiting period of 0 to 14 days with a maximum benefit period of no longer than two years.


Long-Term Disability (LTD):

LTD have a waiting period of several weeks to several months with a maximum benefit period ranging from a few years to the rest of your life. Disability policies have two different protection features that are important to understand.


Non-cancelable means the policy cannot be canceled by the insurance company, except for nonpayment of premiums. This gives you the right to renew the policy every year without an increase in the premium or a reduction in benefits.


Guaranteed renewable gives you the right to renew the policy with the same benefits and not have the policy canceled by the company. However, your insurer has the right to increase your premiums as long as it does so for all other policyholders in the same rating class as you.




Let Nichols and Associates work with you to tailor one of our coverages to meet your business' needs. Our licensed brokers will work with you to quickly generate a quote. 


For more information on Group Disability Insurance, contact us at 850.747.0288.




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Contact Info


Nichols & Associates of Bay County, Inc.

1229 Jenks Avenue

Panama City, Florida 32401


Phone 850.747.0288

Fax 850.747.1464






Insuring Lives. Enriching Futures.


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