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Benefits of a Disability Income Rider for Individual Life

Add a Disability Income Rider to your Individual Life products to enhance your wealth management portfolio.
Benefits of a Disability Income Rider for Individual Life

Life insurance guarantees that your client’s families will be provided for in the event of a death. What if your client becomes sick or injured and can no longer earn an income?

Enhance your Life insurance sales while adding valuable income protection for your customers.

Disability Facts

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1 in 4

Today’s 20-year-olds 

At least 1 in 4 will become disabled before they retire.1

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40%

U.S. households

Only 40% have enough savings to cover three months of recurring expenses.2

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51M

Working adults in the U.S.

At least 51 million are without any type of disability insurance other than a standard Social Security Disability benefit.3

1Council for Disability Awareness; Social Security Administration, Disability and Death Probability Tables for Insured Workers Born in 1999
2Federal reserve, “Money in the Bank? Assessing Families’ Liquid Savings using the Survey of Consumer Finance,” FEDS Notes, November 19, 2018
3American Council of Life Insurers, Assessing Americans’ Financial Retirement Security, unpublished data from study released in September 2017. ACLI found that 54.3% of non-retired households (51.3 million in total) did not report having disability insurance. Assuming there is at least one adult in each household, this means the number of “uncovered” adults is at least equal to the number of “uncovered” households.

Our turn-key solution easily helps you expand your portfolio.

  • Expand Your Portfolio – Separate yourself from the competition by adding a Disability Income Rider to your Individual Life portfolio. This will provide your Life customers with income protection and a plan that is affordable and tailored to their individual needs.
  • Improve Your Agents’ Portfolios – Add to their value-added benefits. The focus is still on the Life sales while enhancing the offering with an income protection rider in one sitting. The DI Rider is an added benefit, can be sold to your customers as part of the Life sales discussion, and will not take away from the primary Life sale.
  • Increase Revenue with each Individual Life sale.
  • Provide a Turnkey Solution – Gen Re offers a custom solution for you to implement with rates, policy form, application, outline of coverage, and claims form.
Key Features include
  • Coverage for both an accident and sickness
  • Choice of 90-day or 180-day elimination period
  • Benefit periods of 2 or 5 years available
  • Maximum benefit amount: $3,000
  • Underwriting is simplified through an accept/reject process 
  • Affordable pricing options relative to your Life premiums

Put our knowledge and expertise to work for you. 

Gen Re is a global leader in Life and Disability risk management with decades of actuarial, underwriting and marketing experience and expertise.

Call us to learn more about adding a DI Rider to your Individual Life portfolio of valuable benefits for your customers.