The Top Hat Program
The finishing touch for an appropriately attired Disability Financial Estate
AUTOMATIC ISSUE
Persons issued a standard, fully underwritten non-cancellable
disability policy within the past 90 days are eligible to enroll
HIGH ISSUE LIMITS
Up to $10,000 additional coverage without underwriting
COMPATIBLE WORDINGS
"Own Occ" Coverage Optional Residual Benefits Optional COLA Rider
Automatic Issue Supplemental Disability Insurance
Description Of Coverage
- Participation Limits ...... up to 65% of earned income
- Issue Limits .............. up to $10,000 per month (higher amounts available with underwriting)
- Waiting Period ............ 90 days or 180 days
- Benefit Period ............ 24 months or 60 months, each disability
- Policy Term ............... 3 years or 5 years
Enrollment Procedures
If within the past 90 days you have been issued a standard non-cancellable disability insurance policy, simply submit to our office:
- A copy of the application used for the non-cancellable carrier.
- A copy of the declaration page of the recently issued non-cancellable policy or the approval memo from the underwriters of the non-cancellable carrier.
Subjectivities:
- The non-cancellable policy must have been fully underwritten (not an increase option or guaranteed issue plan).
- The non-cancellable policy must not have been rated.
- If the non-cancellable policy has any waivers of conditions we must agree to use or not use these waivers prior to issue of the Top Hat.
Two Policies - One Underwriting
Offering "The 65% Solution" with no additional underwriting
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Issue and Participation Chart
(This is a guide only. Different insurers Issue and Participation charts may vary slightly) |
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| Annual Income | Traditional Non-Cancellable Issue Limits | % of Income | Top Hat Program Issue Limits in Addition to the Non-Cancellable Issue Limits | % of Income |
| $100,000 | $4,800 | 58% | $600 | 65% |
| $150,000 | $6,450 | 52% | $1,675 | 65% |
| $200,000 | $7,700 | 46% | $3,133 | 65% |
| $250,000 | $9,500 | 46% | $4,041 | 65% |
| $300,000 | $10,000 | 40% | $6,250 | 65% |
| $350,000 | $11,750 | 40% | $7,208 | 65% |
| $400,000 | $13,600 | 40% | $8,066 | 65% |
| $450,000 and up | $14,250 | 38% | $10,000 | 65% |
A Profitable Daily Routine
The Top Hat Program can be a simple daily routine.
With every standard non-cancellable disability policy :
- We determine if the insured has achieved "The 65% Solution" with the non-cancellable carrier.
- If the non-cancellable carrier fell short of participating up to 65% of the insured's income, we have you fax or email a copy of the newly issued policy to us. Be sure a copy of the non-cancellable carrier's application is included.
- Within 1-2 working days, we prepare an offer for the additional automatic issue coverage through The Top Hat Program. An insurance offer, a Top Hat application and an authorization will be emailed to you.
- We then deliver the non-cancellable policy and present you with the Top Hat offer. By collecting the premium and obtaining a signature on the offer, authorization and Top Hat application, coverage will be bound and a policy issued.
How much easier can it get?
TH 02.2011





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