Part of our guide: Disability Income Insurance: Solutions, Tools and Guides →
Employers are always looking for ways to attract and keep good people without inflating wages. A strong benefits package is one of the best tools, and disability income coverage is one of the most valued, and most often missing, pieces.
Key takeaways
- In one carrier’s survey, 61% of employees said strong benefits motivated them to work harder and stay with their employer.
- Individual disability coverage can be offered to businesses with as few as two employees.
- Multi-life programs can offer 20–30% discounts and unisex rates, with varying underwriting options.
A 20–30% multi-life discount with unisex rates makes individual DI an affordable benefit even for small businesses.
Why employees value it
In a survey by one of our carrier partners, 61% of employees said a strong benefits package encouraged them to work harder, and 61% said it gave them more reason to stay. Protecting their finances from an unexpected event is a top concern for many workers.
What we can offer
- Multi-life and group disability plans for businesses from two to 100+ employees
- Several underwriting options, from full to simplified or guaranteed issue, depending on group size and participation
- Discounts of 20–30% and unisex rates, depending on the program
- Marketing materials, quotes, policy reviews, and worksite enrollment support
Where to start
Start with the owner’s own coverage, then key employees, then the broader group. See discounts for contractors and small groups and guaranteed issue short-term disability.
Frequently asked questions
Can a small business offer individual disability insurance to employees?
Yes. Multi-life programs can cover businesses with as few as two employees, often with discounts.
What discounts are available for multi-life disability insurance?
Often 20–30%, plus unisex rates, depending on the carrier and number of lives.
Is employer-paid disability insurance taxable?
If the employer pays the premium, benefits are generally taxable to the employee. Employee-paid or bonused premiums can make benefits tax-free.
Reviewed by Tim Fuller on 2026-09-25
Tim Fuller
President, SRS Inc.
Tim leads SRS Inc., a full-service IMO (Independent Marketing Organization) and BGA (Brokerage General Agency), connecting independent financial professionals with life, annuity, disability income, and long-term care solutions from 60+ carrier partners.
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