Guaranteed Standard Issue

Help Close the Income Protection Coverage Gap

The long term disability insurance you offer your employees provides income protection — up to a point.

LTD insurance may replace up to 60 percent of an employee's base salary. But it’s often capped at a lower monthly amount. For highly compensated employees, this amount won't cover their income protection needs and will result in a coverage gap.

GSI insurance can help raise the coverage amount. This is especially appealing to high earners. A big plus is that bonuses, distributions and other incentive income are covered. Offering this valuable benefit is a way for you to attract and retain high-earning employees.

How GSI Can Help Reduce the Coverage Gap

Illustration of GSI replacing a portion of earnings not covered by LTD

Assumes LTD plan of 40% income replacement to a $10,000 monthly plan maximum, coordinating with a GSI plan design of 75% replacement to a $10,000 monthly plan maximum, for a combined coverage maximum of $20,000 between plans. This graph is intended for illustrative purposes only.

This graph is intended for illustrative purposes only.

 

A GSI plan pays monthly benefits to individuals whose earnings are affected by an injury or sickness. The need for income protection is greater than ever. Statistics show that one in four individuals entering the workforce today will become disabled before retirement.1

Platinum Advantage GSI offers advantages that include:

  • Discounted premium rates
  • No medical underwriting
  • Policies that are portable and individually owned
  • Identical rates for women and men
  • Coverage for employees up to age 99
  • Insurance that covers incentive income
  • Coverage that can grow as incomes increase
Highly paid employee

Platinum Advantage GSI

Platinum Advantage GSI is a flexible income protection plan that can meet your employees' needs. It's available in all states except Wyoming.

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Family Care Benefit

Learn about coverage that provides a benefit if your employees need to take time away from work to care for a child, parent or spouse with a serious health condition.

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Help employees get back to work as safely and quickly as possible through proactive, integrated support.

Long Term Disability Insurance

Help employees get back to work as safely and quickly as possible through proactive, integrated support.

Pair LTD With GSI

To learn more about GSI and long term disability insurance plans, talk to your broker.

Legal

1 U.S. Social Security Administration, Fact Sheet, June 2016

Some products and riders may not be available in all states and some policy provisions may vary by state. The policy has exclusions and limitations and terms under which the policy may be continued or discontinued. For costs and complete details of coverage, please contact your insurance representative or The Standard.

For policies issued in New York: This policy would provide disability income insurance only. It does not provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services. The expected benefit ratio is at least 60 percent for GSI coverage. This ratio is the portion of future premiums which The Standard expects to return as benefits, when averaged over all people with the applicable policy.

The Standard is a marketing name for Standard Insurance Company (Portland, Oregon), licensed in all states except New York, and The Standard Life Insurance Company of New York (White Plains, New York), licensed only in New York. Products and availability vary by state and are solely the responsibility of the applicable insurance company.

© 2022 StanCorp Financial Group, Inc.