Guaranteed Standard Issue

Our Guaranteed Standard Issue Program

  • Traditional insurance carriers typically cannot meet the high limit needs of current day professionals and corporations. At IDU we offer customized disability plans for employer groups more that provide greater levels protection for a variety of different financial needs.

  • 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 multi-life products are an excellent and creative solution for the shortfalls of the domestic market.

  • Product Usages

    • Buy Sell
    • Key Person
    • Personal Income
    • Business Overhead Expense
    • Supplemental Employee Retirement Program (SERP)
  • Modified GSI Target Markets

    • White Collar Professions
    • Real Estate Companies
    • Hospital Executives
    • Gray Collar Occupations
  • GSI Requirements & Provisions

    • Group Census Data
    • Streamlined Application
    • Cause Only Underwriting
    • Individual Applications can be waived for Employer Paid programs
    • Insured working on full time basis
  • Modified GSI Requirements & Provisions

    • Group Census Data
    • Short Application with limited medical questions
    • Cause Only Underwriting
    • Insured working on full time basis
  • GSI Target Markets

    • Executives
    • Law Firms
    • Accounting Firms
    • Engineering Firms
  • Key Features

    • Policy Terms up to 5 years
    • Voluntary or Mandatory Participation Plans
    • 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
      • K-1 Income
      • Restricted Stock Awards
    • Flexible Premium Payment Options
    • Applications Pre-filled based on census data
    • Minimum of 3 Lives
    • Coverage Fully Portable
    • Standard Age Caps: 65, 67 & 70
    • Transplant Benefit
    • Recovery Benefit
    • Waiver of Premium
    • Available Riders
      • Residual
      • COLA
  • Monthly Benefit Overview

    Once the Elimination Period has been satisfied, the monthly benefits will begin and are paid out until the Benefit Period has been exhausted or Total Disability ends, whichever the sooner. **

  • Lump Sum Benefit Overview

    Considered a career ending benefit, the Lump Sum is triggered by the Permanent Total Disability of the Insured, meaning they are not expected to recover or return to work. The benefit is paid out either following the exhaustion of the monthly benefit or once Elimination Period has been satisfied. **

*All plan designs availability dependent on group size and profile

**Summary language reflecting product definitions, not exact replica of Policy Wording

Product Highlights

IDU offers everyone in the group a standard policy, provided they have been actively at work**, and can answer a few underwriting questions. The benefit is financially underwritten for highly compensated employees based on census data provided by the organization. The elimination period (EP) and benefit period (BP) are guaranteed, on a standard issue basis (no exclusions).

  • Streamlined multi-life program for a guaranteed coverage

  • No medical underwriting needed. Just a few questions

  • Employer Census needed only

  • Increased sales and cross selling opportunities for agents

  • Benefit packages to attract and retain a business's top talents

  • Monthly Benefits payable up to 60 months and up to 65% of earnings*. Lump Sum Benefits also available

  • 5-year Policy Term

  • Corporate paid, voluntary programs or a combination of both

  • 100% Portable Coverage

  • Own Occupation definition

  • Unisex Rates

*Less existing in-force coverage. Benefits tailored to match needs. Additional coverage available.

** Failure to affirmatively answer the underwriting questions can lead to a declination or a modified offer.

For more info about our GSI program, download our brochure

Download Brochure