New, higher income verification limits for individual disability income (DI)
Effective immediately, qualifying non-owner clients can get up to a $10,000 a month DI benefit (up from $6,000) with no financials required for most occupations*. That means less searching for tax documents or waiting on other financial information. Additionally, labs and physical measurement will not be required for those 50 and younger!
Relaxed individual disability insurance (IDI) underwriting requirements in California and New York
Effective Jan. 1, 2022, and until further notice, your clients in California and New York who are age 50 and younger will have no routine lab or physical measurement requirements for the following products and benefit amounts:
- Disability Income—Up to $10,000 per month
- Business Overhead Expense and Business Loan Protection rider—Combined up to $25,000 per month
- Disability Buy-Out and Key Person—Combined up to $750,000
Jump-start your sales in 2022
We’re committed to your success and offer the resources you need to have more conversations with your individual and business clients about the value of income protection. Contact our experienced sales support professionals today for:
- Case design consultation
- Sales concept support
- Competitive anyalsis
- Request a quote
*Financials required for real estate agent/broker, mortgage loan originator/broker, and residential construction occupations.