Case of the Quarter
A quickly growing convenience store/gas station corporation wanted to make sure its top earners’ incomes were protected. The company’s GSI IDI plan covers 23 high-earning employees. It raises their income replacement percentage to match what other employees receive under the group long term disability insurance plan.
The company also purchased group LTD from The Standard, which ensures a seamless income protection package for the company.
| Industry Retail: convenience stores/gas stations |
| GSI Plan Size 23 employees earning more than $200,000 a year |
| In-Force Group LTD Coverage 60% to $10K |
| GSI Solution 60% to $15K |
| Additional GSI Benefits Gender-neutral rates Portable policies Family Care Benefit Basic Residual Disability Rider Noncancelable Policy Rider Catastrophic Disability Benefit Rider 24-Month MDSA Coverage |
| Discount 20% |
| Annual Premium $50,518 |
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