Supplemental Executive Retirement Plan

Our SERP Insurance Program

  • SERP is a form of deferred-compensation plan often used by corporations in order to reward and retain key executives. When these individuals do experience a total disability, the company could potentially be at a loss of both the key performer and the obligation owed. This outstanding financial obligation can either be reimbursed or supplemented with IDU's SERP Product.

  • Plan designs are tailored to fit the organization's needs and group profile. With the ability to offer flexible benefit options at limits far above standard insurance carriers, IDU's SERP Product is an excellent and creative solution for attracting and retaining MVPs of any organization.

  • Target Clients

    • Top Earners
    • Crucial Relationship Holders
    • Prominent Industry Figureheads
    • Top Tier Talent
  • Requirements

    • Group Census Data
    • Streamlined Application
    • Copy of Disability Retirement Funding Plan
    • Cause Only Underwriting
    • Insured working on full time basis
  • Key Features

    • Policy Terms up to 5 years
    • 3rd Party Needs
    • Corporate Paid Participation Plans
    • Ability to waive individual applications for Employer Paid Programs
    • Creative Benefits Structures
      • Monthly
      • Lump Sum
      • Combo: Monthly + Lump Sum
    • Own Occupation Definition of Disability
      • Insured is unable to perform the substantial & material duties of their regular occupation
    • Elimination Periods: 90, 180 & 365 days
    • Monthly Benefit Periods: 12, 24, 36, 48, 60 & 120 months
    • Covered forms of compensation
      • Salary
      • Bonus/Commissions
    • Flexible premium payment options
    • Applications pre-filled based on census data
    • Minimum of 1 Life
    • Age caps driven by corporate agreement
    • Waiver of Premium

*All plan designs availability dependent on group size and profile

For more info about our SERP program, download our brochure

Download Brochure