Your client owns an Individual Disability Income Insurance Policy. If your client gets sick or hurt and is unable to work, the Disability Income policy benefits are paid monthly, at approximately 60% of the income the insured earned before the illness or accident. This income provides a safety net to keep the monthly bills paid – however, there still is the need to pay off any outstanding medical bills, fund for retirement or maybe payoff the mortgage.
Recent innovations have brought us a new disability income policy that pays a lump sum benefit. Clients are eligible for up to 10 times annual income, or maximum $1 million of coverage on a Modified Guarantee Issue basis – in addition to the monthly Individual Disability Income Insurance protection they may already have.
Why is a Lump Sum Important?:
Lump Sum Disability Insurance is available to clients ages 18 to 64 in many occupation classes. Again, clients are eligible for up to 10 times annual income, or maximum $1 million of coverage on a Modified Guarantee Issue basis in addition to the IDI protection they may already have. Take advantage of this unique opportunity for your clients – contact your DI Sales Rep for more information.