Guardian Disability Insurance for Executives

Reverse Discrimination for the Highly Compensated

Four major problems exist for every highly compensated executive regarding the Group LTD they rely on to protect their income.

  • The monthly benefit is capped (usually $10,000 per month)
  • If the employer pays for it, benefits are received taxable as income during the claim.
  • Bonus, Commissions, and Incentive Compensation may not be included.
  • If you leave your job, you lose your coverage. Group LTD is not portable.

How To Make Up The Difference with Supplemental Disability Insurance

The higher your overall income is, the worse the reverse discrimination will be for you. If you make $150,000 a year, and your Group LTD has a maximum of $5,000 per/month, you will only collect $5,000 monthly during your claim. You will also have to pay taxes on that $5,000 per month! If you make $500,000 a year, you will still only collect 5 or 10,000 per month during a claim. So, the higher your income is, the lower your percentage replacement of income during a claim is. Nobody making $500,000 a year is getting anywhere near the 60% income replacement you may have thought you have in your Group LTD plan at work.

Guardian offers you the ability to purchase a personally owned supplemental disability insurance policy to help increase your overall income replacement percentage during sickness or injury. Depending on your income, you could get up to an additional $30,000 a month in protection (in addition to benefits received from the Group LTD).

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Benefits of a Guardian Supplemental Disability Insurance For Executives

Business Woman on the PhoneThe Provider Choice policy offered by Guardian is one of the best disability insurance contracts available today for an executive. All of the benefits in the contract are significantly more comprehensive than those offered in your Group LTD at work, allowing Guardian to pay you benefits earlier, in more scenarios, and longer. As an executive with a more significant income, it is just not responsible for you or your family to rely only on the coverage offered by your employer. One could argue that your ability to earn an income is one of your greatest assets, so you should want to protect that asset with a high-end disability insurance policy.

A supplemental policy will solve all 4 of the significant problems outlined above;

  • Guardian can offer up to an additional $30,000 more per month.
     
  • Benefits received are tax-free during a claim because you paid for this with your after-tax dollars.
     
  • Bonus, Commission, and Incentive compensation can be covered.
     
  • This policy is portable. Should you ever leave your current employer, take it with you.

1. Individual disability income products underwritten and issued by Berkshire Life Insurance Company of America (BLICOA), Pittsfield, MA. BLICOA is a wholly owned stock subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY. Product provisions and availability may vary by state.

7182375.1 Exp: 10/20/26