Providing group disability insurance is a wonderful benefit both for short and long term risks. However, for those highly compensated it is not enough to cover the same percentage across the board on all employees. Group coverage has a cap and the benefit is then taxable if employer paid. Supplementing with individual coverage either on an underwritten or guaranteed issue basis is a simple solution to protecting all employees income equally.
We have been through the claims process, we see how the various definitions and carriers work when the unplanned happens. As independent agents we can review the marketplace and bring providers that meet your needs and budget to enhance your income protection program. We also offer high limit, high risk income protection through several Lloyds brokers.