Advantages to the Employee
- Guaranteed Standard Issue (GSI)
- Limited medical underwriting
- Portable Protection
- The Executive can take the coverage if they leave
- Permanent Protection
- The premiums are guaranteed to never increase
- The benefit levels are guaranteed to never decrease
- More appropriate coverage for high income earners
- Contract provisions are stronger
- Coverage levels are higher
Advantages for the Employer
- Helps build and maintain leadership talent
- Great tool for recruiting, retaining, and rewarding senior leadership
- Removes high risk levels form Core LTD plan (can help stabilize LTD rates)
- Premiums are fixed and are offered at a discount
- Stabilizing the leadership team can enhance the businesses credit worthiness
