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Income protection: Are your executives fully covered for disability?

  • Many companies overlook a critical gap in their executive benefits strategy: adequate income protection through disability coverage.
  • Standard long-term disability coverage often falls short of providing true lifestyle protection for high-earning executives.
  • The coverage gap arises due to the monthly benefit cap set by the long-term disability plan, which doesn't adequately replace high executive salaries.
  • To bridge this gap, organizations can implement supplementary options like individual disability insurance or high-limit disability policies.

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