If You Keep Your Traditional Disability Coverage After Age 65, You May NOT Qualify For Benefits

LIMITATIONS ASSOCIATED WITH “PAYABLE TO AGE 65 OR 67” TRADITIONALLY DESIGNED INDIVIDUAL DISABILITY INCOME CONTRACTS

Traditional disability income contracts provide inferior benefits upon reaching age 65/67. This presents problems for many individuals who are working past age 65 and rely on their disability coverage to insure their incomes.

Traditional individual disability contracts are inadequate following age 65 for the following reasons:

  • Removal of own occupation definition – insured must be able to perform the gainful duties of any occupation to collect benefits
  • Maximum 2 year benefit period
  • Removal of Residual/Partial benefits – benefits are only payable for total disability
  • Premiums may increase at age 65 and increase yearly thereafter
  • Coverage may not extend past age 70
  • Yearly renewals may be subject to proof of insurability – medical questions

OUR SUPERIOR SOLUTION

The MB Group Disability Insurance Program, addresses the limitations of traditional individual coverage and provides the following improvements beyond age 65:

  • Own occupation definition of disability
  • 5 year benefit period
  • Benefits are payable for both total and residual/partial disabilities
  • Premiums are guaranteed to remain level for 5 years
  • Benefits may be payable to age 75

OUR VALUES

To meet the unique needs of each of our clients, customizing products to protect their incomes and their lifestyles.
For nearly 40 years we have promised to always provide the best quality solutions meeting our clients’ needs without regard to our personal financial interest.
Each of our clients has a unique concern he/she is looking to protect. We approach each opportunity with an open mind as to which solution will best serve our clients.
2017-06-27T07:47:10+00:00