Case of the Quarter - Protect High Earners

It’s important to this financial services company that all employees be covered at claim time if they become too sick or injured to work. That’s why their long term disability insurance covers salary, commissions and bonus. But with an LTD maximum monthly benefit of $10,000, some high-earning employees — senior vice presidents and above — wouldn’t receive the targeted 60% of their income with LTD benefits alone. To restore these high earners’ coverage, the company purchased a guaranteed standard issue individual disability insurance plan to provide up to a total of $25,000 in monthly benefits.

By adding extra coverage for high earners through a GSI individual disability insurance plan, more employees will be protected to the target amount if they become too injured or ill to work for an extended period of time.

For Producers Only