| 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: i. Accountants ii. Architects iii. Attorneys iv. Computer Industry v. Consultants (professional, managerial, working for a consulting firm) vi. Energy/Utility (managerial only) vii. Engineers viii. Executives (corporate – may include manufacturing, retail, wholesale, service) ix. Hospital Administrators x. Optometrists xi. Pharmacists 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.
Students: (1) 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! |