Group Disability Income :
Enhanced

An employer sponsored Employee Benefit plan allowing you to provide your people more income, income tax free, without increasing your benefit plan costs.

The Problem:  

Group Disability plans typically provide only 60% income replacement – fully taxable! – resulting in their after tax income replacement being often less than 40% of their normal income - which can make it impossible for a disabled worker to pay the bills.

The Solution:

The “Bonus Income” plan allows your people to enhance the benefits of your group plan.  to provide up to 15% more cash in the event of disability.

The Bonus Income is tax free because costs are borne by the participants, yet because you provide it to them as a group plan they get a group discount of over 25% and can pay for it on a salary deduction basis, the easiest way to pay bills.

Key Points:

• The Bonus Income is tax free
• Rates include up to a 25% discount
• Can be Guarantee Issue – no declinations for health, hobbies, or prior conditions
• Can be issued with no medical exams, no medical questionnaires
• Costs are payroll deducted and paid by the employee
• All employees are initially eligible, and all new hires are eligible, but once the plan is declined, there are no ‘late enrollment’ opportunities