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Individual Disability Income Insurance

A solution designed to help reduce the disability income gap for top-performing, highly-compensated executives.

Protecting executives' most valuable asset: income

Protecting executives' most valuable asset: income

Making Executive Disability Income insurance available to key executives can reduce the financial risks that disability poses. An illness or injury that prevents these executives from working could cause them to lose a sizable portion of their income. Employer provided long-term disability (LTD) policies often don’t cover bonuses or incentive compensation, which can create a disability income gap for top performing executives. Executive Disability Income insurance can add to employee benefits programs* for highly compensated employees while reducing a potential disability income gap for highly compensated employees.

A closer look at Executive Disability Income insurance

Additional protection available¹

Click through below for a deep dive on a few of the optional riders available on a MaxElect Individual Disability Income Insurance policy with MassMutual.

The Disability Divide

As companies compete for top talent, the benefits offered can become the key to attracting and retaining high performing individuals.

Recruit and retain top talent

Employer-paid individual disability income insurance can add to your clients’ employee benefits program* by helping attract and retain key employees.

Own Occupation Rider²

Provides coverage if the insured employee becomes disabled from his/her regular occupation and returns to work in another occupation.

RetireGuard Rider

An employee's retirement plan “safety net.”

Extended Partial Disability Benefits Rider²

What if an employee could only work part-time as a result of a disability?

Catastrophic Disability Benefit Rider²

In the event of a catastrophic disability.

Protect employees’ most valuable asset – income

Download our fact sheet

The income gap

Employer provided long-term disability (LTD) policies typically don’t cover bonuses or incentive compensation, which can create a disability income gap for highly compensated employees.

67 % of the private sector workforce has no long-term disability insurance.³

A win-win for employees and employers

Individual disability income (DI) insurance from MassMutual can reduce the financial risks that disability poses. Both for your clients’ company and their key employees.

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Choosing the right benefits to attract and retain the best talent for your clients' organizations can influence future success. Individual Disability Income insurance from Massachusetts Mutual Life Insurance Company (MassMutual) can be a powerful benefit to offer the top executives that help businesses succeed. Contact us to learn more.

¹ Riders are offered at an additional cost.
² Rider is not available in all states.
³ U.S. Social Security Administration, Fact Sheet dated 2019.

*NOTE: There may be implications under the Employee Retirement Income Security Act (“ERISA”) depending on how disability income insurance policies are made available to the employees and whether such an arrangement constitutes an “employee benefit plan” under ERISA. Employers should consult their own tax and legal advisors for further information on potential ERISA implications.

MaxElect is not available in California

MaxElect (Policy Form XLS-ME-13, XLS-ME-04 and ICC13XLSME in certain states including North Carolina) is issued by Massachusetts Mutual Life Insurance Company. Policies have exclusions and limitations.

FOR FINANCIAL PROFESSIONAL USE ONLY.

CRN202306-264818