|Enhancements to Union Central’s DInamic Foundation ProductsEffective immediately, Union Central has made three significant improvements to their DI underwriting programs.
1. For DInamic Foundation medical occupational classes 6M, 5M and 4M only, the Maximum Participation Limit with either Group LTD or Individual DI coverage is now $25,000 per month. The Maximum Issue Limit for these occupational classes remains at $15,000 ($16,000 if employer-paid) per month.
a. Eligible groups must have:
i. 5-20 lives
ii. Occupational classification of 4A and above (no manual duties); and
iii. Premiums must be 100% employer-paid (no voluntary).
iv. GSI amounts determined by specific case demographics
b. Preferred industries and occupations include:
iv. Computer Industry
v. Consultants (professional, managerial, working for a consulting firm)
vi. Energy/Utility (managerial only)
viii. Executives (corporate – may include manufacturing, retail, wholesale, service)
ix. Hospital Administrators
xii. Professional Services (research, scientific, payroll administration, technical writing, etc.)
xiii. University Administrators
3. An additional enhancement has been approved within the GSI/Focus 10 Combo program. Effective immediately, both GSI and Focus 10 policies may be owned by the employee.
|Enhancements for Students, Residents, Fellows and Professionals Entering PracticeEffective immediately, the monthly benefit amounts for certain students, residents, fellows and professionals entering into practice have increased for both DInamic Foundation and DInamic 2000 policies. In addition, we have enhanced our guidelines for residents/fellows who want to exercise their FIO Rider upon completion of their program.
New Limits Previous Limits
Senior Law Students $3,000 $1,500
Senior Optometry Students $3,000 –
Senior Veterinary Students $2,500 $2,000
Pharmacy Students $2,000 $1,500
Professionals in Residency or Fellowship: (1)
Dentists $4,000 $3,000
Veterinarians $3,000 $2,000
Pharmacists $2,500 $2,000
CRNAs $2,000 –
Professionals Entering Practice: (1,2)
Physicians & Osteopaths $6,500 $6,000
Architects $4,000 $3,500
Attorneys & CPAs $4,000 $3,500
Engineers $4,000 $3,500
Optometrists $4,000 $3,000
Pharmacists $4,000 $3,000
Veterinarians $4,000 $3,000
CRNAs $3,000 –
Medical Specialists Entering Practice: (1,2)
Cardiologists $7,500 $6,000
Dermatologists $7,500 $6,000
Gastroenterologists $7,500 $6,000
Hematologists $7,500 $6,000
Neonatologists $7,500 $6,000
Neurosurgeons $7,500 $6,000
Oncologists $7,500 $6,000
Ophthalmologists $7,500 $6,000
Orthopedic Surgeons $7,500 $6,000
Otolaryngologists $7,500 $6,000
Pathologists $7,500 $6,000
Radiologists $7,500 $6,000
Urologists $7,500 $6,000
Dentists and Dental Specialties: (2)
Oral Surgeons $6,000 $5,500
Endodontists $6,000 $4,500
Orthodontists $6,000 $4,500
Periodontists $6,000 $4,500
Prosthodontists $6,000 $4,500
General Dentists $5,000 $4,000
1. Podiatrists do not qualify for special limits under these programs.
2. These amounts are available, less any disability benefits the applicant currently has in force.
3. Unless listed elsewhere.
Enhance Guideline for Exercising FIO Upon Completion of Residency/Fellowship Programs:
A medical resident or fellow may apply to exercise the entire benefit amount under this rider within six months of completion of the residency or fellow ship program provided that the following criteria are met:
For more information about Union Central disability insurance or to request a disability insurance quote, contact Set for Life Insurance today!