Income Protector Disability Income
An individual DI insurance policy helps your clients protect their most relied-upon asset—their income. An individual DI insurance policy pays a monthly benefit that helps to replace a portion of their income in the event of a disability, so your clients can take comfort in knowing their current lifestyle is better protected from the unexpected.
Issue Ages: 18 to 60
Occupation classes: A to 6A+, M to 6M+, D to 6D+
Elimination periods: 60, 90, 180, or 365 days
Benefit periods: 2 years, 5 years, to age 65, to age 67, or to age 70
DI maximum issue limit: up to $30,000/month
DI participation limit: up to $35,000/month
Target market:
- Ages 50 and under
- Occupations with little to no manual duties
- Earns at least $75,000 a year
- Small and medium sized businesses
Policy benefits for your clients:
- Non-cancelable (with payment of premiums)
- Guaranteed premium rate to age 65, 67, or 70, depending on benefit period
- Conditionally renewable for life
- Portable coverage that stays with your client if they change jobs
Policy features:
- Can be purchased individually
- Can be added to employee benefit packages as standalone coverage or as a supplement to group long-term disability insurance
- Can enhance the definition of disability to include Total Disability While Working (also known in the industry as “true own occupation”)
- Specialty own occupation is included on all policies for specialists in legal, medical, and dental occupations
Sales Tools
Audience | Document | Updated | Link |
---|---|---|---|
Producer Use Only | Forms | 04/24/2024 | Click Here |
Producer Use Only | Multi-Carrier Underwriting Guide | 04/05/2024 | Click Here |
Product Resources
Audience | Document | Updated | Form Number | Link |
---|---|---|---|---|
Producer Use Only | State Approvals | 12/22/2023 | DI10384 | Click Here |
Producer Use Only | Key Riders Overview | 12/22/2023 | JJ2344-01 | Click Here |
Producer Use Only | Product Highlights | 12/22/2023 | JJ1674-13 | Click Here |
Consumer Use | “Are you insuring what you value most?” Consumer Brochure | 12/20/2023 | JJ1239-15 | Click Here |
Consumer Use | “How Your Disability Insurance Works for You” Consumer Brochure | 12/20/2023 | JJ1507C-04 | Click Here |
Consumer Use | Comprehensive Planning Consumer Worksheet | 12/20/2023 | JJ1834C-08 | Click Here |
Dedicated Team
2024 fmiAgent Point Awards
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