As more retirement benefits are provided throughdefined contribution (DC) plans, attention isneeded to focus on risk protection, specifically with long-termdisability.

However, many employers do not focus on how disability canthreaten retirement security for their employees – which isalarming because a period of disability usually means no newretirement savings, and may mean accumulated savings arewithdrawn and spent on immediate expenses.

Prior to the transition to DC plans, it was common fordisability to be addressed through a combination of disability benefits, disability provisionsembedded in defined benefit (DB) pension plans, waiver of premiumprovisions in life insurance plans, and at times, continuation ofmedical benefits to disabled employees.

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