Assurity has introduced a new individual disability insurance product, Income Protection, designed to allow individuals to obtain short-term DI coverage through a simplified underwriting process (Not available in CA or NY). Following are a few of the highlights – benefits may vary by state.
Issue Ages :
- 18-60; age last birthday as of issue date
Maximum Weekly Benefits:
- $50 to $1,000 weekly: for W-2 Employees
- $50 to $600 weekly: for Self-Employed or Commissioned Salesperson
Benefit Period / Elimination Period (Accident and Sickness):
- Benefit Period: 13-week / Elimination Period: 0/7, 0/14, 7 or 14 days
- Benefit Period: 26-week / Elimination Period: 0/7, 0/14, 7, 14 or 30 days
- Benefit Period: 1-year / Elimination Period: 0/7, 0/14, 7, 14, 30, 60 or 90 days
- Benefit Period: 2-year / Elimination Period: 30, 60 or 90 days
Underwriting
- No income verification
- No Medical Exams:
- $1,000 weekly benefit – ages 18-50
- $500 weekly benefit – ages 51-55
- $375 weekly benefit – ages 56-60
Product features
- Total and Partial Disability Benefits
- Childbirth Benefit (Accident and Sickness)
- Presumptive Disability Benefit
Optional Riders
- Catastrophic Disability
- Family Care Benefit
- Guaranteed Insurability
- Return of Premium
- Stay-at-Home Spouse Disability Income Rider
Please reference the following material or contact Truluma for additional details:
Income Protection Highlights
IncomeProtectionDI 0722 PG
