May is Disability Insurance Awareness Month (DIAM)!

What would you do……if you became disabled?

Most Americans do not have enough savings, to pay their bills and household expenses for over 90 days.  So what?

Your employer provides you with Group Long Term Disability (LTD) protection! Great, you’re all set! Not so fast!!

Group LTD plans provide a basic level of protection. But they often don’t provide enough protection for highly compensated employees, or incentive based employees.  Group LTD plans can leave significant gaps in coverage due to plan benefit maximums, uncovered compensation, and taxation of benefits to name a few reasons.

May is the perfect time for Employers to audit their Group LTD plan.  An income replacement gap analysis, or a stress test, can help identify coverage gaps that may have been long overlooked in the annual renewal process.

Navis Benefits Group, LLC helps Employee Benefit firms, and their Employer clients perform income replacement gap analysis, and stress tests Group LTD plans.  Reach out to Navis for help!