Disability Insurance for Executives

Most employer-sponsored group disability insurance plans cap monthly benefits at $10,000 to $15,000, leaving executives earning above $300,000 per year underinsured. For senior leaders with total annual compensation exceeding that level, this coverage can replace less than half of actual income.

Set for Life Insurance structures supplemental individual policies that work alongside employer coverage to increase monthly benefits beyond group plan caps, ensuring a more complete level of income protection for executive earners.

For employers seeking to enhance benefits for their leadership team, Multi-Life Disability Insurance provides a powerful solution. This program allows companies to carve out top executives and offer them individual disability insurance coverage on a guaranteed-issue basis — no medical exams or health questions required.

Employers have the flexibility to choose who to insure, and with as few as three participants, special multi-life discounts and underwriting concessions apply. Best of all, policies are fully portable, so coverage remains intact even if an executive changes jobs or leaves the company. A minimum of 3 or more employees must sign up to create the plan. Once the plan is in place, future employees may be eligible for the guaranteed standard issue coverage.

Yes. Executive disability insurance policies secured through Set for Life Insurance are individually owned and fully portable. This means coverage continues even when changing employers, relocating, or moving into a new executive role.

Unlike group coverage that terminates with employment, individual policies remain intact, preserving the original benefits and premiums. For executives with long-term financial obligations—such as mortgages, tuition, or private equity investments—this portability ensures continuity of protection throughout career transitions.

Set for Life Insurance works with leading disability insurance carriers including Guardian, Principal Financial Group (Nasdaq: PFG), MassMutual (Massachusetts Mutual Life Insurance Company), Ameritas, The Standard, and Lloyd’s of London.

These carriers offer competitive underwriting options and policy definitions tailored for executives, such as own-occupation protection, residual disability riders, and non-cancelable guarantees. Through its independent brokerage structure, Set for Life Insurance provides side-by-side policy comparisons to identify the most suitable fit for each client’s income structure and risk profile.

Premium rates depend on several factors, including age, gender, occupation class, income, benefit amount, elimination period, health history and benefit duration. Executives in high-responsibility roles may qualify for favorable risk classifications if duties are primarily administrative or strategic rather than physical.

Set for Life Insurance evaluates rates from multiple carriers to secure the best value. Discounts of 10–15% may be available through association programs or multi-life employer arrangements, including partnerships with organizations such as the American Bar Association, American Veterinary Medical Association, and corporate employers like Google and Amazon.

Yes. Executives with certain health histories may be eligible for Guaranteed Standard Issue (GSI) disability insurance, which does not require medical underwriting. GSI programs available through Set for Life Insurance offer coverage with fixed benefits—typically up to $15,000 per month—and approval within five business days. These may be set up through the employer if 3 or more employees apply for coverage. These policies are referred to as multi-life policies.

Carriers such as Guardian, Principal Financial Group, MassMutual, Ameritas and The Standard provide these programs for executives affiliated with approved organizations or professional associations. This option ensures income protection even for those with prior medical concerns or underwriting limitations.

Long-term disability insurance for executives provides income protection designed to last through an individual’s prime earning years and into retirement planning horizons which is typically to age 65. Set for Life Insurance helps align benefit periods with each executive’s career timeline and financial goals, ensuring coverage remains meaningful when income potential is highest.

Policies offered through its network of major carriers are structured to remain non-cancelable and guaranteed renewable, so premiums and benefits stay consistent for the life of the contract. This stability allows executives to maintain predictable protection and long-term financial security without concern that coverage will change as their careers progress. This also ensures the premiums won’t increase before age 65.

Yes. Set for Life Insurance provides access to exclusive association and unisex discount programs that are not publicly available through direct carrier sales. These permanent premium reductions—typically 10% to 15%—apply to policies issued through professional groups or multi-life employer programs.

Once a discount is applied, it remains in force for the life of the disability insurance for executives policy. This allows executives to maintain high-value coverage at reduced cost, even after leaving an employer or association, maximizing the long-term affordability of disability insurance for executives. All future employees of the company have access to the discounts.