Guaranteed Issue DI
Guaranteed Standard Issue (GSI) disability insurance. It is the most efficient and economical method for business owners to sufficiently insure themselves and their employees against disablement and the subsequent eventuality of loss of income. It is also an incredible door-opening sales tool and commission earner for insurance agents. GSI coverage is multiple-life, high-limit disability insurance that can be placed on top of traditional group disability plans and individual income protection coverage without requirements of intrusive exams, blood tests and urinalyses.
GSI is a major sector of Petersen International’s robust disability insurance portfolio. Production volume of this exciting product has been substantial throughout the last decade due its obviously attractive nature from a fiduciary perspective; high limits of specialty-specific, “own occupation” disability insurance without an advisor having to put his or her clients through medical underwriting. This insurance platform is truly a winner for the consumer and the advisor.
Group size requirements are very low. We can offer coverage to a company with as few as three qualifying members, and Petersen’s GSI product is so flexible that benefits can be shaped to complement any existing policy of underlying LTD and/or personal DI. Underwriters are willing to offer coverage on a mandatory basis, voluntary basis, as well as a progressive hybrid chassis mixing the benefits of both mandatory and voluntary plans into one seamless benefits program.
High-limit GSI insurance is a perfect pairing for law firms, hospitals and medical practices, and we continue to see take-up among accounting firms, banks, architecture firms, high finance institutions and many other businesses with a population of high-income earners in need of more disability insurance.
Don’t shy away if group benefits are not your forte. This won’t be a waste of your time. The potential commissions are incredible, and Petersen International can assist you in finding your way to the ever-expanding GSI market.
The secret can be found within your own client files. Your existing clientele holds the key to turning a lucrative individual disability sale into a multi-life windfall. Your loyal clients have colleagues and bosses that will be ecstatic to learn about GSI coverage with its online enrollment capabilities, ease of policy issuance and huge group discounts. GSI allows you to provide disability benefits to underinsured people on a guaranteed-issue basis (no matter their health histories) at premiums more reasonable than most disability programs.
If you aren’t in this market already or if you haven’t found much success, you need to call our experienced GSI team at (800)345-8816. We know this market. We created this market. Call us today.
