Know It All: 3 Levels of Residual Disability Protection

One of the flexibility levers you'll find in Platinum Advantage is the option to offer Residual Disability coverage as a rider instead of including its full cost in the basic IDI product. Three distinct levels of residual coverage offer even more flexibility by letting you right-size each policy.

Here's a look at the key differentiators for Enhanced, Basic and Short-Term Residual Disability coverage:

 Working in occupationLoss of incomeLoss of dutiesLoss of timeBenefit period

Enhanced

Working in regular occupation or another occupation

Required:

  • During the benefit waiting period, 20% loss of income or duties or time.
  • After the benefit waiting period, 20% loss of income.

Up to the maximum benefit period

Basic

Working in regular occupation or another occupation

Required:

  • 20% loss

Required:

  • 20% loss of duties or time.

Up to the maximum benefit period

Short-Term

Working in regular occupation

Required:

  • 20% loss

Required:

  • Unable to perform one or more or
  • Can perform all, but for not more than half time.

 

Up to 6 months

Help your clients determine which level of coverage best meets their needs and budget, and offer them income protection that fits.

For Producers Only