Page 5 - MI New Hire webinar

EXCESS DISABILITY
AGENTS ONLY
How likely is a Disability?
1 in 4 of today’s 20 year-olds will become disabled before retirement.
Excess DI pays a one-time lump sum benefit of up to 1 million dollars, 12 months after a career ending accident or illness that forces you to stop working. You can use that money to pay expenses or invest to provide needed income when you reach age 65 when other disability payments stop. This breakthrough benefit is designed to prevent financial hardship for you and your family.
DEFINITION OF DISABILITY EARNINGS LOSS REQUIREMENT BENEFIT AMOUNT
MAXIMUM BENEFIT AMOUNT ELIMINATION PERIOD PRE-EXISTING CONDITION LIMITATION MENTAL & NERVOUS LIMITATION DRUG & ALCOHOL LIMITATION MAXIMUM BENEFIT DURATION CONVERSION
AVAILABLE TO ALL AGENTS WITH GROUP LTD, AGE 64 AND YOUNGER WHOSE GROSS 1099 EARNINGS ARE AT LEAST $150,000. COVERAGE IS IN ADDITION TO EXISTING DISABILITY COVERAGE, GUARANTEE ISSUE (NO MEDICAL EXAMS) ONCE A YEAR FROM MAY 15TH TO JUNE 15TH
GUARANTEE ISSUE MAY 15TH THRU JUNE 15TH AFTER REACHING $150,000 IN 1099 INCOME.
EXCESS DISABILITY
OWN OCCUPATION
TOTAL DISABILITY
$100K, $250K, $500K, $750K OR 1MILLION
ONE TIME LUMP SUM PAYMENT
1 YEAR
12 MONTHS PRIOR / 12 MONTHS AFTER
SEE POLICY EXCLUSIONS
SEE POLICY EXCLUSIONS
ONE TIME PAYMENT
FULLY PORTABLE