1
Max benefit payable under STDI
$3000/mo
The waiting time between injury and when benefits are getting paid to insured.
Elimination Period
This company has been ranked State Farm #1 in life insurance customer satisfaction 7/8 years they have been recognizing this category.
J.D. Power
$50k in coverage---underwriting decision given in minutes
Instant Answer Term
This permanent policy has account value.
Universal Life Insurance Policy
The longest benefit period for short term disability.
3 Years
Minimum hours worked to qualify for a disability product
30
This policy requires verification of income as part of underwriting process.
Long Term Disability Insurance
This is the amount a beneficiary receives when a life claim is paid out.
Death Benefit
This policy pays back all of the premiums paid by the policy owner at the end of the policy contract.
Return of Premium Term
The shortest benefit period for long term disability.
5 Years
A physical or mental condition that limits a person's movements, senses, or activities.
Disability
Shows all applications in process with underwriting and what requirements are still needed to issue policies.
Life Underwriting Status
This will pay for the life policy if the insured is injured or sick and can no longer work.
Waiver of Premium for Disability
Allows insured to pull up to 2% of Death Benefit amount to pay for assisted living needs/care.
Flexible Care Benefit Rider
Max benefit allowable of someone's income under LTDI.
(%)
60%
What percentage of disability benefits paid to the insured are taxable?
0%
Oldest Age LTDI is eligible to someone.
59
This is the elimination period for our GIFE.
2 Years
Single Premium Life
Rider that gives an annual increase of payable disability benefits of up to 5% each year to keep up with prices of goods and other expenses in day-to-day life.
Cost of Living Adjustment Rider
This pricing guide/option for disability insurance stays the same and doesn't increase as the insured gets older.
Issue Age
This dividend option purchases more life insurance for the insured.
Paid Up Additions
How many GIO elections are possible?
11
This policy is overfunded within the first 7 years and is now an investment vehicle rather than an insurance contract.
Modified Endowment Contract