Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Life Insurance Strategies

Feature Protects DI Cover

X
Your article was successfully shared with the contacts you provided.

Guardian Life Insurance Company of America is promoting a rider that can help consumers keep disability insurance in force during tough times.

Owners of individual DI policies can pay for an option that will waive DI premiums for a year if the insureds become unemployed, even if the insureds return to work during that time, according to Guardian, New York.

At Guardian, insureds may be eligible for disability benefits even while premiums are waived due to unemployment, the company says.

The cost of the unemployment premium waiver option rider amounts to about 1% of the total premium cost, Guardian estimates.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.