Iowa Bankers Association Iowa Bankers Mortgage Corporation
Iowa Bankers Insurance
and Services
8800 NW 62nd Avenue
PO Box 6210
Johnston, IA 50131
Toll-Free: 800-532-1423
Fax: 515-286-4214

IBBP Customer Service:
    800-258-1415
125 Claim Fax:
    515-286-4244
IBBP Billing Fax:
    515-286-4369

Agent Customer Service:
    800-775-8858

Disability Insurance

Disability Insurance

One of your most important assets is your ability to earn an income, and you could be financially devastated if you lost your income due to an accident or illness. A group disability plan, which your employer may offer, can help solve that problem.

A group disability plan continues a portion of your salary while you are recovering at home or while in the hospital. The financial burden of losing your salary during the disability is alleviated by the payments and helps assure that you can pay your bills.

Either you or your employer may pay the premiums for this comprehensive program. In most cases, the premium is at least half of an individual disability policy and provides exactly the same benefits. The two types of group disability programs available through Iowa Bankers Insurance and Services (IBIS) are Short Term Disability and Long Term Disability. 

Short Term Disability

Short Term Disability pays benefits for a maximum of six months equal to 60% of your gross weekly wage with a maximum weekly benefit of $1000. Most Short Term Disability claims are for maternity leave, but claims may also include surgery, heart attacks, car accidents, strokes, and extended illnesses. A unique feature of the IBIS Short Term Disability plan is that you are not required to be totally disabled to collect benefits. You can receive benefits even if you’re working part time due to a disability.

Either you or your employer may pay the premiums for the Short Term Disability program, and all coverage is guaranteed issue.

Long Term Disability

If a disability is severe enough to make you unable to return to work for a few months or even a few years, your employer may offer a Long Term Disability plan, which provides benefits for catastrophic illnesses and continues where Short Term Disability, if also offered by your employer, stops. However, your employer may offer Long Term Disability without a Short Term Disability plan.

Since the inception of the program, a number of Long Term Disability claims have been paid, even though bankers, as a group, are in a safer occupation. Anyone can get sick, have a heart attack, suffer a stroke, or come in contact with a disease that makes you unable to work.

The Long Term Disability plan pays 66 2/3% of your gross monthly wage up to Social Security Normal Retirement Age (SSNRA) or longer, depending on at what age the disability occurs. All coverage is guaranteed, and a partial benefit is also available if you are not totally disabled.

If your employer provides you with or offers short term and/or long term disability insurance through the IBBP and you would like more information about your disability coverage, you can log into the IBIS Employee Self-Service Website to access and review your Disability Certificate of Coverage or contact the benefit administrator at your employer.

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Mid America Banking Insurance Services, Inc., a subsidiary of IBIS, provides insurance programs to banks outside of Iowa. 

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Iowa Bankers Mortgage Corp. (IBMC) offers the products & experience Iowa banks need in the secondary mortgage market.

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The Iowa Bankers Association (IBA) is dedicated to serving Iowa banks and their employees.

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