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Supplemental Disability Insurance

Individual Supplemental Disability

Most companies provide group disability insurance coverage to their employees
as part of a benefits plan. Unfortunately the majority of group long-term disability
plans fail to adequately protect highly compensated employees and executives.
Group plans are traditionally employer-paid and are subject to taxes and a
benefit caps. Most plans do not include incentive-based compensation in the
disability benefit formula. This leaves highly compensated employees and
executives exposed to a significant loss of income should they become disabled.

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Individual supplemental disability insurance coverage provides additional
insurance that is integrated with the employer’s group program to provide
a comprehensive solution for protecting the employees.

Guaranteed Issue Supplemental Disability Insurance

When individual supplemental disability is offered through an employer as
either voluntary or company-paid, the policies are provided on a guaranteed
issue basis (no medical underwriting) and the rates are discounted by up to 35%.

Executive Income Assurance Plan™

The Westport Group has developed The Executive Income Assurance Plan
to address the specific disability insurance needs of highly compensated executives, partners and employees. This plan can provide additional coverage on top of
Group Long-Term Disability (GLTD) plans, as well as supplemental disability
plans. The Executive Income Assurance™ Plan can provide protection for incomes
up to $4,000,000 per year, with a benefit maximum of 60% of gross compensation
to $200,000 per month. We have secured this Plan on a guaranteed issue basis
(no medical underwriting required).

    EIAP

The Combination Approach to

  • Complete Your Disability Needs
  • Will help eliminate Reverse Discrimination
  • Provides flexibility
  • Provides greater stability of the GLTD Plan
  • Replaces adequate level of total compensation

 

    TWG has the ability to provide benefits up to
    $200,000 in monthly benefits. Most programs
    are delivered on a guaranteed issue basis.

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