Disability Insurance is an essential part of any financial plan. Unfortunately, some individuals are not able to qualify for traditional disability insurance due to health history. But don’t let them go on without coverage – there is a solution that is available to your clients with a health history.
If your clients aren’t considered preferred risks or don’t retain ‘squeaky-clean’ medical histories, their DI policies stand to be subject to health related exclusions or even more frustratingly, outright declination of coverage.
The Graded Benefit DI plan provides a comprehensive, cost-effective solution for your hard-to place or impaired risk DI cases.
Some medical conditions are controllable with proper medical care or with diet and exercise. When medical records provide evidence that a condition is well controlled, full coverage can be offered from the inception of the policy.
This Graded Benefit product is designed to provide true own-occupation disability insurance to those whose health concerns traditionally preclude them from acquiring any disability insurance or at the very least DI without medical exclusions.
- Covers 65% of income up to $20,000 per month
- Elimination periods of 60, 90, 180 or 365 days
- Benefit periods of 36, 48 or 60 months
- Impaired Benefit levels of 50%, 65% or 80%
- Benefit levels remain constant from day one of the policy
- Own occupation including specialties
- Residual and COLA riders
- Consideration of the removal of additional medical exclusions!
We have remained dedicated to securing protection for your clients for over 41 years. Please contact your Disability Insurance Specialist for additional information about this Graded Benefit DI program.