Critical Illness Insurance for Executives
Exclusive Product Offering to IDU, Inc.
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Critical Illness Insurance pays a lump-sum benefit following the diagnosis of a critical illness, such as a heart attack, cancer or stroke. Benefits like these can help protect employees and their families from the financial challenges that can come as a result of a critical illness, allowing them to focus on what’s important – their healing.
Available Plan Designs
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Employer Paid - Simple and Streamlined
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Beginning at 30 Eligible Executives
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Offered on a GSI Basis up to $100,000 Benefit
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Composite Rate Structure
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Simplified Implementation
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Master Application - No Enrollment Needed!
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Voluntary Plan
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Beginning at 30 Eligible Executives
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Age Banded Rate Structure
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Combination Plan
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Employer Paid plus Voluntary Buy Up for Additional Coverage
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Can be a standalone offer or in conjunction with an IDU Lloyd’s of London DI/Excess GSI Program.
IDU Real Life Solution
Engineering Consulting Firm
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Located in TX
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285 Employees
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32 Senior Partners
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Partners' income range between $300K - $1.5M
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IDU Solution:
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Purchased for all 32 Partners
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Benefit Amount of $100,000
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Employer Application
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​Guaranteed Standard Issue (GSI)
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In addition, the firm purchased an Excess High Limit DI coverage plan for all partners with an income greater than $550K. Seventeen (17) partners qualified for coverage up to $50K per month. Please note the Critical Illness (CI) benefit was issued for all partners, while the Excess DI was issued to a smaller defined group based on income and coverage qualifications.
IMPORTANT DISCLOSURE: This is not an exact description of coverage.
The benefits, limitations and/or exclusions described are for general illustration purposes only and may vary by state and client profile.