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Case of the Quarter: Attract and Retain Top Talent With GSI

This credit union continually examines its executive benefits package to attract and retain high-performing executives. The credit union decided to partner with The Standard, which took over its GSI executive carve-out for assistant vice presidents and above. Our GSI plan offered increased benefit maximums, longer recovery benefits and the Family Care Benefit that no other GSI carrier could match.

While all employees at the credit union have long term disability insurance, high earners will appreciate a higher benefit maximum that covers bonuses in addition to salary. This extra layer of coverage for executives helps the credit union stay competitive in an increasingly tight talent market.

 

Industry
Banking

GSI Plan Size
30+ assistant vice presidents and above

In Force Group LTD Coverage
60% to $14K

GSI Solution 
60% to $15K

Additional GSI Benefits
Gender-neutral rates
Portable policies
Indexed Cost of Living Benefit Rider
Enhanced Residual Disability Rider
Noncancelable Policy Rider
Catastrophic Disability Benefit Rider
Unlimited MDSA 

Discount
30%

Annual Premium
$66,062

 

 

For Producers Only

 


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