The DBL
policy provides for:
-
Payment
of 50% of the average weekly wage to a maximum of $170 per week;
-
Payment
of benefits for a maximum of 26 weeks within a consecutive 52 week
period; and
-
Commencement
of benefits on the eighth consecutive day of disability.
Policies
covering fewer than 50 employees have fixed rates approved by the New York
State Insurance Department. Policies covering 50 or more employees are
individually underwritten. Standard Security Life not only offers a policy
which provides this mandatory coverage, but also offers optional enriched
coverages.
Standard
Security Life has been one of the leading writers of DBL in New York State
for over 25 years. It has attained such success through the high level of
service it provides to both it's producers and policyholders. As a result
of it's success, Standard Security Life is able to market its DBL product
with competitive rates as well as highly competitive commissions paid to
its agents.