Tony T
Expert
- 74
After having Assurity Life and Sun Life (PIC) close their doors on the Federal Employee market, Postal and Federal employees again have a source for guaranteed disablility coverage through payroll deduction through the Manhattan Group...
Federal employees are a receptive group to work with since disability is not part of their benefit package...The problem seems to be that the companies who underwrite the DI plans eventually get killed with the loss ratio since, by law, they must set their reserves higher...
Hopefully, Manhattan will stick around for at least 5 years...It's generally not a struggle to piggy back some life insurance on top of the group DI and, the best part, you don't have to ask for a check at the end of the close!!
Tony
Federal employees are a receptive group to work with since disability is not part of their benefit package...The problem seems to be that the companies who underwrite the DI plans eventually get killed with the loss ratio since, by law, they must set their reserves higher...
Hopefully, Manhattan will stick around for at least 5 years...It's generally not a struggle to piggy back some life insurance on top of the group DI and, the best part, you don't have to ask for a check at the end of the close!!
Tony