Supplemental Disability Income and Long-Term Care Insurance Programs

SUPPLEMENTAL DISABILITY INCOME INSURANCE
While most executives value company-sponsored insurance benefits such as medical coverage, few fully address the risks associated with one of their greatest assets; their ability to earn an income.  Group long-term disability (LTD) plans typically insure 50% to 70% of salary, but caps on monthly benefits can leave many key employees with coverage amounts far below these levels.  In addition, group LTD plans rarely cover a potentially significant component of total compensation; bonus income.

BeneFacio, Inc. designs both company-paid and company-sponsored supplemental programs that help highly-compensated employees bridge the coverage gaps left by group plans.  These plans offer superior pricing that is not available to individuals, and coverage can often be acquired with little or no medical underwriting.

Click below to learn more about whether a supplemental disability income insurance program may be appropriate for you or your organization:

Supplemental Disability Income Insurance Overview

LONG-TERM CARE INSURANCE
The costs of long-term care (LTC) options such as nursing homes have increased dramatically in recent years.  Without LTC insurance, many executives could watch assets that took years to build be rapidly depleted when a need for care occurs. 

Company-sponsored executive carve-out plans allow employers address this need on a tax-favored, cost-efficient basis.  Sponsors can also include design provisions that act as "golden handcuffs" to attract and retain key employees.  Like supplemental disability income programs, these plans offer institutional pricing, and the coverage can often be acquired with little or no medical underwriting.
 

Click below to learn more about whether a long-term care insurance program may be appropriate for you or your organization:

 Long-Term Care Insurance Overview