Insurance for Professionals
Your uncommon income may require an uncommon solution
Closing the GAP on living benefits: Disability Insurance
Most of today’s executives are simply unaware of just how exposed their group benefit plans have left them. The typical long term disability plan is designed to protect the company’s employees and doesn't consider the unique needs of today’s business owners and executives!
Example
The average LTD group plan will usually have a monthly benefit maximum of $6000, which represents an annual income just under $120,000. Would this be enough to fully replace your income, your lifestyle, and the contributions made to your company in the event of a disability?We know you’ve worked hard to get to where you are today and deserve the kind of financial security which will allow you to continue striving forward towards a better tomorrow. That's why we specialize in Individual Executive Disability planning, a process of developing a program that recognizes and protects your unique situation.
The Disability GAP
Executive Programs
The Bespoke fit
EMPLOYEE GROUP PLAN
In the event of total disability the average group plan provides a benefit payment (income stream) for 2 years if the insured is unable to perform the duties of their own occupation. Thereafter, only “Any Gainful Occupation.”
OUR SOLUTION
Our Individual Executive Programs recognize this and protect executives and managers in their own occupation right up until the age of 65.
EMPLOYEE GROUP PLAN
Most group long term disability plans cover salary only.
OUR SOLUTION
Our Individual Executive Programs will recognize and protect the true earning capacity by providing coverage for
Supplementing group LTD Plans with
The Bespoke fit
EMPLOYEE GROUP PLAN
Most group LTD plans do not provide benefits in the event an insured is partially disabled.
OUR SOLUTION
We recognize this issue and will design a plan to provide partial and residual benefits to age 65.
EMPLOYEE GROUP PLAN
Group Ltd plans usually require medical evidence over non evidence maximums.
OUR SOLUTION
Individual executive disability programs provide the option of allowing your future earnings to be protected regardless of your health!
EMPLOYEE GROUP PLAN
Group LTD plans have 85% all source maximums and will reduce by other benefits received.
OUR SOLUTION
In the event of a total or partial disability, our individual executive planning will not have to be integrated or reduced by other income or benefits received with the exception of WSIB.