Case of the Quarter - Grow With Your Clients
This pharmaceutical company adopted a GSI plan in 2015 for 20 executives. The company has grown significantly in the last six years — and so has the GSI plan. The plan now covers 77 executives, and the annual premium has increased by more than $200,000 since inception.
The company’s latest annual review resulted in benefit increases totaling $26,000 in annual premium and five new lives for an additional $36,000 in annual premium. Plus, the policyowners’ substantial income growth supported increasing the monthly benefit maximum from $10,000 to $20,000. These changes ensured years of future coverage growth.
| Original 2015 Plan | Current 2021 Plan |
GSI Plan: 75% to $10,000 | GSI Plan: 75% to $20,000 |
Members: 20 Directors and above | Members: 77 Directors and above |
| In-Force Group LTD: 60% to $10,000 | In-Force Group LTD: 60% to $10,000 |
Annual Premium: $43,434 | Annual Premium: $265,502 |
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