It’s hard to argue the value of a product that has paid out over $100M of benefits in a single year. And this is just the IDI claims from one carrier—Standard Insurance—which represents a small portion of the overall industry.
A potential issue with your professional and executive clients is the likelihood that their income protection plans are totally dependent on group LTD plans offered through their employer. The problem is LTD plans do not provide comprehensive income protection that most professionals and executives need.
Here are some tools to help you open the DI conversation with your clients, and some tips on targeting the right clients for disability income insurance.
Like an annual physical, an annual review of your clients’ income protection insures they maintain good financial health and address any gaps in coverage.