Individual Disability Income (IDI) coverage is generally Guaranteed Renewable and often Non-Cancellable to age 65 or older - meaning the insurer cannot cancel or increase the premium until that time, provided the premium is paid - even if the employee leaves the business or the program is terminated.
Billing any way you want
Billing can be handled any way you like - list billing to the organization or directly to individuals.
Low Participation Requirements
Only three (3) policies are required to start, and if participation falls below this threshold existing policyholders will not be adversely affected.
Own-occupation coverage for the full Benefit Period is fairly standard, meaning it should pay even if the insured individual can do something else. True Own-Occupation, which pays full benefits even if working in a different occupation at the same time, is also available.
Customized for Each Employee
Employees can custom-configure their own policies, including the Elimination Period, Benefit Period, Benefit Amount and Riders, subject to underwriting constraints.
No Earnings Reporting
There is no need to update the carrier with earnings or hours because these types of policies offer fixed monthly indemnity dollar benefits rather than a percentage of earnings.