Carey Williams

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Long Term Disability

 

What Is Your Most Valuable Asset?

 

When we think of our most important assets, some people may say it's their Home, Car or other valuables...however, it is easy to forget that our income & our ability to earn money may indeed be the one asset that needs protection the most.

 

After all, our income is what allows us to buy other assets and pay our bills.

 

Missed time at work can mean lost income.

 

A Typical Plan Design:

 

 Premium Payor      Employer
 Monthly Benefit  60% to $10,000
 Duration of Benefits  To age 65 adea
 Waiting Period  90 days before benefits commence
 Definition of Disability  2 year Own Occupation / Any Occupation thereafter




So, let's run through a scenario for an employee making $10,000 per month that qualifies for LTD Benefits:

100%

$10,000

       
 

Gross

       

80%

Monthly

     

TYPICAL

 

Income

     

PLAN

60%

 

       
 

 

 

$6,000

 

Taxes

40%

 

 

LTD

 

$2,100

 

 

 

Benefit

 

Net

20%

 

 

 

 

Cash

 

 

 

 

 

$3,900

0%

 

 

 

 

 

 

 

Better Plan

WFI Benefit Solutions can offer an Employer Paid Group LTD Policy that will provide a true 60% benefit to ALL insureds.  Let's run throught the same scenario for the same employee making $10,000 per month & qualifies for LTD Benefits:

 

100%

$10,000

       
 

Gross

       

80%

Monthly

     

BETTER

 

Income

     

PLAN

60%

 

       
 

 

 

$6,000

 

Net

40%

 

 

LTD

 

Cash

 

 

 

Benefit

 

$6,000

20%

 

 

 

 

 

 

 

 

 

 

 

0%

 

 

 

 

 

 

 

Obviously, the Better Plan provides significantly more cash to pay bills & living expenses...a level very close to the employees Pre-Disability Earnings!

 

We would welcome the opportunity to show you specifically how a Better Plan will improve the LTD Benefits you provide to your employees.

 

 

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