Assurity Disability Insurance Guidelines

Assurity Disability Insurance Guidelines, guaranteed renewable to age 65. Until the Policy Anniversary after the Insured’s 65th birthday, as long as the premiums are paid, the policy cannot be canceled. However, the premium rates can be changed with state approval. If the Insured is employed on a full-time basis on each renewal date after age 65, the policy can be renewed up to age 70. The benefit period is limited to one year.

ELIMINATION PERIODS
Elimination periods mean number of consecutive days that an Insured must be totally disabled before the Monthly Disability Benefit amount becomes payable. The Elimination Periods available are 30, 60, 90, 180,and 365 days.

BENEFIT PERIODS
?Class 4A — 1-, 2-, 5-year and To Age 65
?Class 3A — 1-, 2-, 5-year and To Age 65
?Class 2A — 1-, 2-, 5-year; also To Age 65 IF

Self Employed:
Self employed means one is under the age of 56, and working in, and owning, the same business for the last 2 years, with an annual net income of at least $40,000 for each of the last two years.

W-2 Employee:
Under age 56 with an annual income of at least $40,000 for each of the last two years.
?Class 1A — 1-, 2-, 5-year

UNDERWRITING
Traditional approach; Underwriting will order medical records if needed.

Coverage may be offered with a policy amendment rider, Special Class premium, longer Elimination Period, shorter Benefit Period, condition exclusion, or a combination of any of these.

TABLE RATINGS
Special Class premiums are determined based on the following table ratings:
A = 25% increase
B = 50% increase
C = 75% increase
D = 100% increase