Executive Disability “Carve Out” Plans

Executive disability plans can provide the employee and the company with a benefit that meets the goals of both. By implementing a formal documented plan, you can provide security to your executive and create a structure to assist the executive with back to work provisions and a third party to determine eligibility.

A properly structured supplemental long-term disability plan can significantly increase disability benefits above traditional group disability policies. The plan is usually structured to cover total compensation, including bonus and retirement plan contributions. Policies can be issued as individual contracts with guaranteed portability, high levels of guaranteed standard issue coverage and plan maximums, along with own-occupation protection. We can also use our relationships to design such a plan on a group basis.