NU Online News Service, June 15, 2004, 4:22 p.m. EDT – Rockwood Programs Inc., Wilmington, Del., has introduced a disability insurance program aimed at executives with annual incomes over $250,000.[@@]
The new Rockwood Executive Disability Income Program offers limits of up to $30 million, and the annual premium is usually equal to about 1% to 3% of the individual’s annual income, Rockwood says. Rockwood will base the premiums on factors such as the executive’s occupation and health status.
Rockwood developed the program together with ASU International Inc., Woburn, Mass., a specialty lines underwriting agency.