MetLife Disability Insurance Changes and Enhancements Announced.
Sep 16, 2009
Jamie Fleischner

Jamie Fleischner

16 Sep, 2009

Expanded 6S occupational class

MetLife has expanded its 6S occupational class eligibility guidelines, to include executives who earn annual incomes of $100,000 and higher, under an employer or employee paid Guaranteed Standard Issue (GSI) program. Executives issued policies under a GSI program were formerly limited to the 6A occupational class, which is being eliminated as part of the new price structure. As a result, the rates charged for some executives now in the 6S occupational class will be significantly less than the rates prior to the change.

Increased age limit for Your Occupation Rider.

As part of the product and pricing enhancements, MetLife is also pleased to announce increased age limits for the Your Occupation rider, from age 45 to 59 for occupational classes 5D, 5S, 5A and 6S and from age 45 to 50 for occupational classes 4M and 5I.  

In the medical/physician marketplace for disability insurance, MetLife increased the age limits for the “Your Occupation” rider, from ages 45 to 59 for occupational classes 5D, 5S, 5A and 6S and to age 50 for occupational classes 4M and 5I.  The “Your Occupation Rider” is the most liberal definition of disability available.  Your occupation is also referred to as “own occupation.” This means if you are not able to work in your occupation or medical specialty, your benefits will be paid regardless of how much you earn in another medical specialty or occupation.

Information posted by Jamie K. Fleischner, CLU, ChFC, President of Set for Life Insurance by KF Financial, Inc. headquartered n Greenwood Village, CO.

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