Assurity Introduces Income Protection+ for Modern Needs
Assurity Life Insurance Company has unveiled a revolutionary offering in long-term disability insurance called Income Protection+. This new product aims to bring flexibility and affordability to those seeking to safeguard their most crucial asset—their income. Designed to address the varied needs of clients across a range of occupations, Income Protection+ features expanded occupation classes and enhanced definitions of disability.
Tailored Coverage for a Diverse Clientele
Income Protection+ caters to individuals aged 18 to 64, with coverage options that extend from one-year periods to benefits that can last until the age of 70. The product offers both Accident & Sickness and Accident-Only coverage. Additionally, it includes four specialized options for defining disability, such as True Own Occupation coverage. This adaptability allows customers to choose the best structure that suits their individual circumstances.
Enhanced Features and Benefits for Clients
One of the standout aspects of Income Protection+ is the availability of optional riders, which enhance the policy's value and utility. Riders such as the Enhanced Residual Disability Rider and the Mental Disorder Rider meet the specific needs of high-income individuals, making the insurance more accessible and relevant. Moreover, customers can access monthly benefits of up to $30,000, providing significant financial support in case of disability.
Streamlined Application Process with FastTrack
In tandem with the launch of Income Protection+, Assurity also introduced FastTrack, a new e-application platform. This system simplifies the application process, making it quicker and more efficient. FastTrack employs a digital workflow to boost submission quality, facilitate faster underwriting decisions, and minimize administrative burdens for producers. This innovation demonstrates Assurity’s commitment to improving the customer experience while ensuring seamless operations for their sales team.
About Assurity Life Insurance Company
Assurity has been dedicated to the principle of putting people first since its establishment in 1890. As a mutual organization and Certified B Corporation, Assurity's core philosophy emphasizes that doing good contributes to good business. The company aims to help individuals navigate their challenges and maintain a balance between various aspects of life—jobs, families, and aspirations.
Through the lens of their mission, Assurity continues to support clients during crucial moments, emphasizing their commitment to protect what matters most. The introduction of Income Protection+ is a reflection of Assurity's responsiveness to the evolving needs of their customers, ensuring that they can continue to thrive amidst life's uncertainties.
Frequently Asked Questions
What is Income Protection+?
Income Protection+ is Assurity's latest long-term disability insurance designed to provide flexible and affordable income protection for clients.
Who can apply for this long-term disability insurance?
Individuals aged 18 to 64 can apply for Income Protection+, which caters to a diverse range of occupations.
What are the benefits of the policy?
The policy offers coverage up to $30,000 monthly and includes unique features like True Own Occupation coverage and optional riders.
How does FastTrack improve the application process?
FastTrack is a new e-application platform that streamlines the application process, ensuring faster underwriting and improved submission quality.
What is Assurity's mission?
Assurity's mission is centered around helping people during difficult times, with an emphasis on protecting their essential life milestones and responsibilities.
