Executive Disability Carve Out Plans

As you provide benefits for your highly compensated employees, consider this. The group long term disability insurance you offer them is a good foundation, but likely falls short of providing the income protection they need.

A typical LTD plan replaces 60% of earnings up to a cap. The actual replacement amount for higher earners is usually significantly lower. The plan maximum may be too low for them or their bonus income may not be covered in the calculation. The result is a serious gap.

Think how difficult it would be for these employees to maintain their current lifestyles on the group policy alone. That is where Greystone Capital can help. A customized guaranteed issue carve out disability plan through Greystone is relatively inexpensive, allows you to selectively provide for the higher compensated employees and, since it is guaranteed issue, provides coverage for certain at risk individuals that would not be able to get coverage on their own.