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Executive DI Quote
What is Executive DI?
Executive DI provides key executives with additional individual disability benefits on top of their employer sponsored group LTD plan.
- Five or more key employees who have been at work for a minimum of the past six months.
- Group LTD is in force and the highly compensated employees exceed the group LTD cap.
- Employers in industries such as technology, banking and engineering, physicians, law firms.
- Companies that want to reward key executives with higher benefits.
How much Executive DI can be purchased?
Executives can replace up to 75% of income. Income can include salary and bonus.
Is the coverage underwritten?
Guaranteed issue amounts can range from $3,000 - $100,000. The amount of guaranteed issue depends on the number of eligible lives and incomes.
What is required for an Executive DI plan?
The group must have an underlying employer paid group LTD plan.
Does the employer have to pay for the plan?
In most cases, the employer pays for the plan. Voluntary plans are available starting with a minimum of 75 employees earning $75,000 or more.