Guaranteed Issue High Limit Disability

A Plan for Supplemental Disability Insurance Beyond the Traditional Limits of Group LTD and Individual Disability Wraps

Now you can easily accommodate Excess high limits for group carve outs with available monthly benefits as high as $50,000 or more in addition to their current coverage

Sound financial planning begins and ends with income planning. Proper income planning is impossible without adequate amounts of disability insurance.

Because there are a great deal of highly compensated employees who have been denied the ability to secure adequate and reasonable amounts of income replacement in the event they become disabled, we have designed the "Guaranteed Issue High Limit Disability Plan". This plan is designed to be used once the traditional markets have maximized their issue and participation limits.

A business firm may indeed have a Group LTD plan in place for the emplyees of an entire firm. However, a typical LTD plan normally has limitations as to the maximum monthly benefit it will pay out. This cap on the monthly benefit is often too low to replace the proper amount of income for the well compensated employees of the firm. Additional pitfalls of LTD plans are that they do not always cover compensation other than W-2 income. So bonus income, commission income and K-1 income are often times left uninsured via a group LTD plan.

• Guaranteed Issue is offered without medical underwriting
• Policies are often discounted at rates not otherwise available
• Bonus income, commission income and other incentive income can be covered
• Policies are portable and can be individually owned

Depending on the specifics of the case and the participation within that case, a Guaranteed Standard Issue has no medical underwriting and the policies are issued on a standard basis for every participant. If the group size is small and/or the participation is modest, then underwriters may consider offering a Guaranteed To Issue plan. Under the Guaranteed To Issue Plan a policy will be issued to each participant, but underwriters have the right to waive or rate specific medical conditions on the individuals enrolling.

Occupations Considered: Most occupations are considered, but the most common include Executives, Physicians, Attorneys and Certified Public Accountants.

Guaranteed Issue: Coverage is offered to everyone in the group on a guaranteed basis without any exclusions other than the standard policy exclusions. This process requires only a verified census from the HR department and loss details for the prior 3 years.

Issue Limits: See chart on the following page

Participation Limit: (participation with other coverage in force) Up to 65% if the employee pays the premium and up to 75% if the employer pays the premium.

Policy Term: Depending on the size and participation of the group, the policy term may range from 1 to 3 years. The policy term is the period of time the provisions and the rates are guaranteed.

Monthly Benefit Periods: 12, 24, 36, 48, and 60 months are available

Optional Lump Sum Benefit: A lump sum benefit up to a maximum of 5 times annual income can be dovetailed to follow the last monthly benefit. This provides an opportunity to annuitize the lump sum benefit to perpetuate a monthly benefit.

Pre-Existing Conditions: Pre-existing conditions are not covered until the policy has been in force for 12 months. A pre-existing condition is any condition for which medical advice was recommended for a period of 12 months immediately preceding the effective date.

Own Occupation Definition Optional Residual Benefit Rider Optional COLA Rider Presumptive Disability Survivor Benefit

Transplant Benefit Recurrent Disability Automatic Benefit Increases Waiver of Premium Rehabilitation Benefit

Depending on case size and other factors, the guidelines below may be negotiable. Lower participation levels and high issue limits may be available.

Group Size	Group Participation	Maximum Benefit		Underwriting
		Monthly	Lump Sum
2 - 4	100%	$2,500	$250,000	Guaranteed To Issue
5 - 9	50% 75% 100%	$2,500 $5,000 $10,000	$250,000 $500,000 $1,000,000	Guaranteed To Issue Guaranteed Standard Issue Guaranteed Standard Issue
10 - 19	50% 75% 100%	$3,500 $7,500 $15,000	$350,000 $750,000 $1,500,000	Guaranteed To Issue Guaranteed Standard Issue Guaranteed Standard Issue
20 & up	50% 75% 100%	$10,000 $25,000 $50,000 or more	$1,000,000 $2,500,000 $5,000,000 or more	Guaranteed Standard Issue Guaranteed Standard Issue Guaranteed Standard Issue

Group Size is determined by the number of Eligible Employees. Eligible Employees are those who are not able to insure at least 65% of their income with either group and/or individual disability insurance from traditional markets and are under the age of 65.

Simply provide us with a census of all eligible employees which should include the Name, Date of Birth, Occupation, Income and details of any other disability insurance in force. Advise if this will be a mandatory plan with 100% participation or a voluntary plan at the option of the eligible employees. Loss information is an underwriting requirement, but if it is not available at the time of the proposal request, the proposal would be subject to change. Unless the group is new and does not have any loss information, underwriters normally require the past 3 years of loss information.