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Disability for Exceptional Income Earners
Insurance industry consolidation and unexpected disability losses have caused a void in the disability income market. With executive compensation on the rise, and issue limits for disability income protection in decline, highly compensated individuals are not able to adequately protect their income against a disability loss.
- Coverage available through domestic and international insurers.
- Elimination periods 30, 60, 90 180 days available.
- Residual benefits available.
- Own occupation definition.
- Monthly indemnity in excess to $100,000 a month
Special markets include:
- CEO's,International business executives,Business Owners, Key person, Buy Sell Fund
- Surgeons, Physicans, Doctors
- Pilots, Commercial, Private,Firefighter Pilots, Airshow, stunt
- Racing Auto, Motorcycle,Boat racing
- Professional golfers, Trainers
- Entertainers, Actors , Models
Examples:
Commericial Pilot
Private Pilot earns $500,000 has $7,000 in disability coverage and his income has increased from his business from $175,000 to over $500,00 per year . We located a policy approval at $15,000 to cover about 40% of his current income.
Corporate CEO
A CEO earned $1.5 million with $24,000 per month of personal disability in force. The CEO obtained an additional $55,000 per month to bring his replacement ratio from 19% to 60% of gross income.
Practicing Surgeon
A Surgeon earning $700,000 was limited to a maximum of $9,000 in individual disability income coverage. We were able to locate a carrier offer for an additional $10,000 per month with a 2-year benefit, followed by a minimum $500,000 lump sum in the event of a permanent disability
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Disability Insurance Center
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