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
- 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
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.
Offering "The 65% Solution" with no additional underwriting
Issue and Participation Chart
(This is a guide only. Different insurers Issue and Participation charts may vary slightly) |
| 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% |
For Higher Benefit Amounts Contact Us
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.
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