You can help retain your key people and attract new talent by making disability income insurance available to your executives. Disability income insurance can be an important part of an executive benefit plan, helping to ensure a portion of the income of your key executives is protected.
Delivering enhanced individual benefits to the executives and senior professionals in
your company could help to keep you competitive in the market.
An executive benefit plan can be developed to satisfy the disability income
insurance protection needs of your executives. Typically, most group long term
disability benefits may only pay a fraction of a high-income earning executive's
net monthly income. You can obtain a policy to supplement the long term
disability group coverage your company may be currently providing. And
executives have the flexibility to apply for a policy to fit their needs and more
closely align with their overall income.
Supplemental disability income insurance issued on a guaranteed standard
issue basis* provides executives important disability income insurance coverage
without medical underwriting. It can be offered to executives on a voluntary
basis or as a company-paid individual benefit.
This policy can be implemented with little or no cost to employers. As a
voluntary benefit, it provides executives with non-cancelable, portable coverage
at a reduced premium. Generally speaking, a company may enjoy tax benefits if it
provides coverage as an employer-paid benefit.1
Prefer to speak to someone about offering your executives disability income
insurance?
TALK TO A FINANCIAL PROFESSIONAL
*Subject to the approval of the issuing company.
1The information provided is not written or intended as tax or
legal advice and may not be relied on for purposes of avoiding any Federal tax
penalties. Individuals are encouraged to seek advice from their
own tax or legal counsel.