COMPLETE DISABILITY PRODUCT COMPLETE DISABILITY PRODUCT PORTFOLIOPORTFOLIO
Individual CoverageIndividual Coverage
True “Own Occupation” DefinitionTrue “Own Occupation” Definition
Business Overhead ExpenseBusiness Overhead Expense
Buy-SellBuy-Sell
Mortgage ProtectionMortgage Protection
Retirement CompletionRetirement Completion
Catastrophic BenefitCatastrophic Benefit
Blue Collar
High LimitHigh Limit
Impaired RiskImpaired Risk
The Three Areas of Disability The Three Areas of Disability UnderwritingUnderwriting
1.1. OccupationOccupation
2.2. CompensationCompensation
3.3. Medical HistoryMedical History
Government Employees Government Employees
Police and FiremenPolice and Firemen
Armed ForcesArmed Forces
Home Based Business Home Based Business
Newly Self-EmployedNewly Self-Employed
Young Professional LimitsYoung Professional Limits
Recovery BenefitRecovery Benefit
Qualified Sick PayQualified Sick Pay
Return of PremiumReturn of Premium
Group Supplement/ConversionGroup Supplement/Conversion
GROUP PLAN LIMITATIONSGROUP PLAN LIMITATIONS
BENEFITS ARE TAXABLE
IMPOSED CAP
NOT PORTABLE
RESTRICTIVE LANGUAGE
The Areas of Disability BenefitThe Areas of Disability Benefit
1. TOTALLY DISABLED AND NOT WORKING: 1. TOTALLY DISABLED AND NOT WORKING: (Cannot perform material and substantial duties of (Cannot perform material and substantial duties of YOUR job) (75% OR MORE OF INCOME LOST*) YOUR job) (75% OR MORE OF INCOME LOST*)
INDIVIDUAL: 100% OF MONTHLY BENEFIT INDIVIDUAL: 100% OF MONTHLY BENEFIT
(APPROX. 60% OF INCOME*)(APPROX. 60% OF INCOME*)
GROUP LTD: 100% OF MONTHLY BENEFIT GROUP LTD: 100% OF MONTHLY BENEFIT
(APPROX. 60% OF INCOME*)(APPROX. 60% OF INCOME*)
The Areas of Disability BenefitThe Areas of Disability Benefit
2. PARTIALLY DISABLED*, 2. PARTIALLY DISABLED*,
BACK TO WORK IN SAME JOBBACK TO WORK IN SAME JOB (*20% LOSS OF INCOME)(*20% LOSS OF INCOME)
INDIVIDUAL: % OF LOST INCOME x MONTHLY BENEFITINDIVIDUAL: % OF LOST INCOME x MONTHLY BENEFIT
GROUP LTD: % OF LOST INCOME x MONTHLY BENEFITGROUP LTD: % OF LOST INCOME x MONTHLY BENEFIT
The Areas of Disability BenefitThe Areas of Disability Benefit
3. TOTALLY DISABLED: 3. TOTALLY DISABLED:
(Cannot perform material and substantial duties of (Cannot perform material and substantial duties of YOUR job)YOUR job)
CAN WORK AT A NEW JOB:CAN WORK AT A NEW JOB:
INDIVIDUAL: INDIVIDUAL:
a. 100% OF MONTHLY BENEFIT*a. 100% OF MONTHLY BENEFIT*
b. % OF LOST INCOME x MONTHLY BENEFITb. % OF LOST INCOME x MONTHLY BENEFIT
GROUP LTD: 0GROUP LTD: 0
Executive Carve OutExecutive Carve Out
Multi –Life DiscountMulti –Life Discount
Spousal DiscountSpousal Discount
Work Site Marketing PlansWork Site Marketing Plans
Association ProgramsAssociation Programs
GSI/Simplified UnderwritingGSI/Simplified Underwriting
Simplified UnderwritingSimplified Underwriting
Maximum Benefit Amount: $2,500/monthMaximum Benefit Amount: $2,500/month
Maximum Issue Age: 50Maximum Issue Age: 50
Occupation Classes All; 3A & above preferredOccupation Classes All; 3A & above preferred
Elimination Periods:Elimination Periods:All; 90 days & above preferredAll; 90 days & above preferred
Simplified UnderwritingSimplified Underwriting
Benefit PeriodsBenefit PeriodsAll (2 years, 5 years, To Age 65)All (2 years, 5 years, To Age 65)Your Occupation PeriodsYour Occupation PeriodsAll (2 years, 5 years, To Age 65)All (2 years, 5 years, To Age 65)Sex Distinct Rates (except in MT)Sex Distinct Rates (except in MT)
Simplified UnderwritingSimplified Underwriting
Riders AvailableRiders Available
• • Automatic Increase Option/Automatic Benefit Automatic Increase Option/Automatic Benefit Increase*Increase*
• • Catastrophic Disability Benefit (1 to 1 ratio Catastrophic Disability Benefit (1 to 1 ratio maximum CDB/Base + SIS)maximum CDB/Base + SIS)
• • Mental/Nervous Substance Abuse Disorder Mental/Nervous Substance Abuse Disorder Limitation— only in states required**Limitation— only in states required**
• • Residual or Short Term Residual Disability Residual or Short Term Residual Disability BenefitBenefit
Simplified UnderwritingSimplified Underwriting
Discounts Available• MNSA — 10% - To Age 65 benefit period; 5% - 2 or 5 year benefit period — only in states required• Select Occupation — 10%Payment MethodsElectronic Funds Transfer (EFT) only
Simplified UnderwritingSimplified Underwriting
General Underwriting RequirementsSimplified DI application packet required. Tele App required.No routine medical requirements (blood, urine, exams, EKG ‘s or APS s) required* * *
1.800.945.97191.800.945.9719