How many more Disability Income Policies

could you write if the health requirements for your clients were less stringent?

Issue Ages

18-60 years, (age nearest birthday)

Maximum Monthly Benefit

4A & 3A: $11,000; 2A: $7,000; 1A: $6,000

Rates

Males/Female, tobacco/Non-tobacco. Level issue age (5 year bands).

No variation by occupation class.

Benefit Period

1A Class: 2 years; 2A: 2 & 5 years; 3A & 4A: 2, 5 & 10 years. After age 65, 1 year.

Elimination Period

30 (2year benefit period only),

60, 90, 180 or

365 days (5 or 10 year benefit period only)

Renewability

Guaranteed to age 65, conditionally to age 70 (must be gainfully employed full time)

Total Disability Graded Benefits

Policy's 1st year - 35%, Policy's 2nd year - 70%, Policy's 3rd year - 100%

Definition of Total Disability

Own occupation - 2years; any occupation reasonably suited thereafter

Mental/Drug/Alcohol Limitation

50% of monthly benefit for up to 12 months (graded for years 1 & 2)

(Cognitive impairment due to stroke, trauma, etc. not subject to this limitation)

Partial Disability

50% of last paid monthly benefit for up to 6 months

Presumptive Disability

At total loss of sight, hearing, speech, or both hands, both feet, or one hand and one foot (graded for 1 & 2 years)

Home Modification

$1,000 lifetime benefit

Vocational Rehabilitation

Up to 6x base monthly benefit (not graded) may be available

Survivor Benefit

Lump sum - 6x monthly disability benefit paid to survivor when insured is disabled 12 months before death

Waiver of Premium

After 90 days (or elimination period - whichever is longer)

Riders Available

Supplemental DI - Graded Benefit Rider - During disability, pays rider monthly benefit less any social benefits received (max $1,200 monthly)

5-yr Own-Occupation Rider - extends period of own occupation from 2 to 5 years

Non-graded Injury Rider - Pays 100% of policy benefit if a disability is due to an injury during the first two years the policy is in force.