If you offer Group Benefits or 401(k) services - are you bringing up to topic of Income Protection for the Executive Team? Our professionals can help without the reduction in your compensation!
Why GSI?
75% Income Replacement!
Group LTD is usually subject to benefit maximums of 60% or 67% of income up to a limit of $10,000, $15,000, or $20,000/month.
GSI helps to ensure that employees and owners who earn more than the benefit cap still have access to adequate income protection.
GSI supplements can secure as much as 75% of income in the event of a disabling illness or injury.
Portability!
Employees come and employees go. A portable disability benefit is another arrow in your quiver to help recruit top-tier talent.
Group LTD plans can be cancelled by an employer, often with limited options for employees who have health issues.
GSI gives employees the option to take this policy even if the employer no longer wants to cover the premiums, or if it’s time for the employee and employer to gotheir separate ways.
Strength!
Top-tier talent is attracted to top-tier benefit packages. Customizable plans allow the employer group to structure their GSI policies in an intentional way that can protect their employees in their specific occupations, guarantee premium stability, increase with rising inflation, and even offer additional benefits for healthcare expenses like long-term care.
When does it fit?
Client Profile 1: When Group LTD is maxed out - This means the higher income earners are left with inadequate income replacement percentage compared to their lower earning counterparts.
Client Profile 2: When there’s a desire for the strongest available coverage – Some groups want the best for their employees, especially in competitive job market. We can structure the LTD to be a smaller amount (50% to $5000/month) and offer a GSI supplement up to 75% in order to secure the strongest definitions available.
Coverage can be classed out for Executive Groups! We can offer Guaranteed Issue Coverage for Groups with as few as 3 lives!
Who to Market to?
Accountants
Architects
Attorneys
Developers
Engineers
Management
Programmers
Executive Teams!
Comentarios