Skip to main content

Fall 2018 Case of the Quarter

This quarter’s case highlights the strength of joint LTD-GSI offers from The Standard. Combining GSI with LTD for this construction company resulted in the highest GSI discount available – 35 percent. Having The Standard as their one-stop source for disability insurance will enhance both the employer and employee experience.

Plus, Platinum Advantage GSI lets the producer customize a plan to meet each company's benefits and budget needs. That makes choosing The Standard a no-brainer.

The company had been with The Standard as an LTD customer since 2013. However, the LTD cap left the company’s top earners underinsured. The company's employee benefits broker contacted us to help increase protection for its top executives.

The GSI solution restores income replacement for top earners. With LTD only, covered earnings maxed out at $120,000 a year. Now all employees earning up to $420,000 will receive 60 percent of their income in case of a qualifying disability.

Industry
Construction

GSI Plan Size
50+ executives

In Force Group LTD Coverage
60% to $6K

Solution
60% to $15K GSI Plan for total protection up to $21K

Additional Benefits
Gender-neutral rates
Portable policies
Family Care Benefit
Regular Occupation Extension Rider
Basic Residual Disability Rider
Noncancelable Policy Rider
Catastrophic Disability Benefit Rider
24-Month MDSA Limitation
 

Discount
35%

Annual Premium
$62,636

For Producers Only


Jump back to top