Multi-Life Executive Carveout
Highly compensated individuals within a company are unable to obtain the same income replacement percentages as other employees. By offering an income restoration plan that includes IDU’s High Limit DI Coverage you are providing a comprehensive solution for your executive and professional clients.
Preferred Client Profiles
Executive Carveout Plans –
Across Industry Segments, including but not limited to:
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Investment Banking Firms
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Financial Services Firms
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Pharmaceutical Companies
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Consulting Companies
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Manufacturing Companies
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High Tech Companies​
IDU Real Life Solution
Architectural Firm | 7 Partners
Partner incomes are $1M and above annually – including base salary and incentive compensation.
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Current Coverage:
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Employer provided Group LTD and Domestic IDI
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Coverage up to 65% of income replacement with combined benefits of $20,000 per month.
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The Problem:
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Due to high income levels the partners have insufficient income replacement levels of approximately 25%.
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IDU’s Solution:
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High Limit DI providing 65% of total compensation less the underlying Group LTD and IDI coverage
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Monthly Benefit amounts for the seven partners ranged from $34,000 to $50,000
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90-Day Elimination Period
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10-Year Benefit Period
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True own occupation definition of disability
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Residual Benefit Rider and COLA Rider included
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The IDU plan was implemented by using a census enroll approach of a single employer application and signed offer letter.
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.