Phung

Many companies, and their executives, have come to realize that Group Long Term Disability Plans no longer meet the needs of the executives and other key personnel in the organization. An assessment of your current plan may lead to the conclusion that revisions are necessary in order to ensure benefit levels are adequate and appropriate, and that contractual provisions are in-line with your objectives.

Why do Group Long-Term Disability (LTD) Plans Fail to Meet the Needs of Executives?

There are solutions available to assist the organization in retaining and providing incentives for their executives. The prevalence of "combination" plans is growing, particularly as increases in executive and key personnel incomes have exceeded the benefit limits provided through a group only approach. A combination plan takes advantage of both group and individual disability products working in tandem. Some common Executive LTD objectives that can often be obtained through this strategy include:

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