Protection for the Workplace

Protection for Employees
Advantages for Employers

Protection for Employees

Protector Platinum^SM Guarantee Issue

Whether you offer individual disability insurance (IDI) at your workplace as an employee- or employer-paid benefit (or a combination of the two), Protector Platinum^SM Guarantee Issue helps provide robust coverage to your employees.

Small businesses and large companies alike have discovered how IDI makes their benefits package even more valuable to employees.

The Perfect Fit for Group Long Term Disability (LTD)

Construction worker

IDI can make an existing disability benefits package even stronger. Take Howard Construction, for example. Their group LTD plan replaces 50 percent of their pretax income and has a maximum $3,000 benefit.

With Individual Disability Insurance

The employees at Howard Construction can protect up to three-fourths of their pretax income when they combine their group LTD benefits with IDI.

Strong Enough to Stand On Its Own

Small business owner

Smith's Bakery is a family-owned business with 12 employees and currently has no disability benefits. The family is convinced that offering competitive benefits is key to retaining valuable employees and attracting new ones.

With Individual Disability Insurance

Smith's Bakery was able to provide quality individual disability insurance to its employees at discounted rates.

A Valuable Benefit for Key Employees

Accountant

Jones Accounting Firm provides group LTD to more than 500 employees, and would like to provide additional benefits to their 15 key employees.

With Individual Disability Insurance

Jones Accounting firm offered its key employees additional insurance that could protect their bonus and incentive income.

Start Protecting Yourself and Your Employees

Request a quote or ask your insurance representative today about protecting yourself and your employees with individual disability income insurance.

Explore the policy features and available riders.

Advantages for Employers

A Perfect Fit for You

Individual disability insurance (IDI) at the workplace is offered on a guarantee issue basis and gives you key advantages over other types of disability coverage. In addition to providing more income protection for you and your employees than LTD alone, guarantee issue insurance

has substantially discounted premium rates,
requires no medical history and
requires limited financial documentation.

Maximize Your Income Protection

By adding IDI to your group LTD plan, you and your employees can take home a much larger portion of your pre-disability income.

LTD Benefits Plus IDI

LTD benefits are usually taxable, so a typical LTD policy that covers 60 percent of income may actually replace about 45 percent of pre-tax earnings.¹ When you combine LTD benefits with IDI, you can protect a substantially larger percentage of your income.

Customize Your Plan

You can choose which benefits and options to include in the plan you make available to your employees. You can offer the protection of the base policy or customize the coverage to better suit the needs of your employees.

Explore the benefits and options of a guarantee issue policy.

As the employer, you also have the option of offering your policy as an employee- or employer-paid benefit, or a combination of both.

Contact your insurance representative today for more information.

¹ Assumes a 25 percent tax bracket.

Policy and rider provisions, and their availability, may vary by state. This information is intended only for insurance producers and not for the general public.

Key Benefits

Discounted Premium Rates

Guarantee issue policies are issued at discounted rates that are not otherwise available.
Employee Access to Coverage

Because we do not require medical underwriting and require only minimal financial documentation, employees who might not otherwise be eligible for this kind of income protection can have this insurance available to them.
Maximum Income Protection

The higher the income, the greater the disability benefit that may be available. Bonuses, distributions and other incentive income are covered. This is especially valuable for key executives.
Choice and Flexibility

You can choose whether to offer the protection of the base policy or custom coverage that better fits the needs of your employees. You can can also choose whether to offer coverage as a mandatory or voluntary benefit.