Income Protection

Ryan Specialty can help you protect your income in the case of illness, disability, or death. Review your options for:

Company-Paid Life Insurance and AD&D

Ryan Specialty provides coverage for two times your earnings. Employees may be required to complete an evidence of insurability if their income exceeds the guarantee issue amount of $750,000. Life and Accidental Death and Dismemberment Benefits reduce 35% at age 65 and 50% at age 70.

Company-Paid Short Term Disability and Long Term Disability

Ryan Specialty provides Short Term and Long Term Disability insurance to you at no cost. Short Term Disability covers a percentage of your salary should a serious health condition keep you from working for up to 13 weeks. Long Term Disability covers a percentage of your salary should a health condition extend beyond the Short Term Disability timeframe.

Short Term Disability Long Term Disability
Benefit Amount 70% of weekly earnings 60% of monthly earnings
Maximum Benefit $2,500 / week $10,000 / month
Elimination Period

Disability due to injury: 0 days

Disability due to sickness: 7 days

90 days (begins the day after the insured STD benefit ends)
Benefit Duration 13 weeks Age 65 / ADEA 1
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Voluntary Life Insurance and AD&D

In addition to the Ryan Specialty-provided coverage, you have the opportunity to purchase additional Group Term Life and Accidental Death and Dismemberment (AD&D) insurance coverage for yourself and your family members. Employees may be required to complete an evidence of insurability (EOI). You can purchase AD&D coverage for yourself regardless of whether you purchase Life coverage.

Term Life AD&D
Employee Up to 5 times salary, not to exceed $2,000,000 Up to 5 times salary, not to exceed $2,000,000
Legal Spouse (Domestic Partner) Up to 100% of employee amount in increments of $5,000, not to exceed $500,000; benefits will be paid to the employee Up to 100% of employee amount in increments of $5,000, not to exceed $500,000; benefits will be paid to the employee
Child Up to 100% of employee coverage amount in increments of $2,000, not to exceed $10,000 Up to 100% of employee coverage amount in increments of $2,000

At new hire enrollment, Voya does not require medical underwriting for employee insurance amounts less than $300,000 or spouse amounts less than $25,000.

Critical Illness Insurance

Critical Illness insurance provides financial protection by paying a lump sum benefit if you are diagnosed with a covered critical illness. The amount paid depends on the type of critical illness. Unlike your medical plan, this plan pays benefits directly to you or your family member.

Sample Critical Illnesses

  • Coronary Artery Disease (major)
  • Coronary Artery Disease (minor)
  • End Stage Renal (Kidney) Failure
  • Heart Attack (Myocardial Infarction)
  • Major Organ Failure Requiring Transplant
  • Cancer

Accident Insurance

Accident Insurance pays you benefits for specific injuries and events resulting from a covered accident. The amount paid depends on the type of injury and care received.

Sample accident benefits:

  • Accident hospital care
  • Follow-up care
  • Common injuries
  • Dislocations
  • Fractures
  • Emergency care benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Explore Your Voya Options

Visit the Voya Employee Benefits Resource Center to learn more.

Wellness Benefit

Should you enroll in Critical Illness, and/or Accident coverage, you will be eligible to receive a wellness benefit from Voya. For either of the benefits, when you complete a health screening test, you will receive an annual benefit payment of $50 for a total of $100 if enrolled in Critical Illness and Accident. If your spouse and/or children are covered under the Critical Illness, and/or Accident plan, they are also eligible for the Wellness Benefit. Each individual may only receive a wellness benefit once per year per coverage. Learn more about the wellness benefit here, and claim your benefit at voya.com/claims.

Hospital Indemnity Insurance

Hospital Indemnity coverage pays you a benefit for each day of hospital confinement. You’ll receive a fixed daily benefit if you have a covered stay in a hospital or intensive care unit.

Long Term Care Benefits

Ryan Specialty offers Universal Life insurance with Long Term Care (LTC) benefits through Allstate.

LTC services are needed when an individual cannot safely care for themselves. Care is often received at home, in an assisted living facility, or in a nursing home. LTC planning is an important part of a personal financial plan. As we age, the likelihood of needing LTC increases and the average cost of care is $43,000/year or more. Your health insurance, disability, and Medicare do not cover most LTC costs.

Plan Advantages

  • Guarantee issue (no health questions) for employees and spouses (ages 18-65)
  • Employee may apply for $25,000, $50,000, $75,000,or $100,000 (4% LTC/month)
  • Spouse coverage up to 50% of employee’s election

Business Travel Accident

The AIG Travel Accident plan is available to employees who work 30 hours or more per week on a regular, full-time basis and travel for business. The plan extends to personal travels taken during the course of the business trip. The plan is available to your eligible spouse or dependent children should they accompany you on a business trip, or if they relocate with you for business.

Benefit Details
Eligible Employee 2x annual salary up to $1,000,000 maximum
Eligible Spouse Traveling with Employee $50,000 flat benefit
Eligible Children Traveling with Employee $10,000 flat benefit

Note: “Annual Salary” means the insured based annual salary exclusive of overtime, bonuses, tips, commission, and special compensation.

Travel Assistance Services

This policy includes travel assistance services, including a 24/7 assistance services phone line, a website and a mobile app with travel destination information, advisories and alerts.

To access this benefit, visit aig.com/us/travelguardassistance. Download the AIG Travel Assistance Mobile App on your Apple or Android smartphone. You will need your policy number to register: 0009153949.

Norton LifeLock Identity Theft

LifeLock helps provide you peace of mind with comprehensive identity theft protection. If a potential threat is detected, you are notified via email, text, phone, or mobile app alerts. Should you become a victim of identity theft, LifeLock provides a dedicated restoration specialist to help restore your identity. This is a benefit that requires an election in order to participate in this plan.

To learn more about the benefits through LifeLock, visit Add Cyber Safety to Your Portfolio | Gen™ (gendigital.com) or call 800.607.9174. </>

$50 – $100
Wellness Benefit

If you’re enrolled in Critical Illness and Accident insurance, each family member can earn up to $100 simply by completing a health screening test. Claim your benefit at voya.com/claims.