What it is
Guaranteed Standard Issue Disability Insurance Plans are available to employee groups with five or more people and provide coverage to employees with pre-existing conditions. There are virtually no underwriting, income verification or blood and urine requirements. Although benefit periods tend to be shorter and benefit levels are predetermined, some coverage is better than no coverage. This is an affordable option to consider with employee groups.
How to explain it
If you have employee groups with five people or more people, a Guaranteed Standard Issue (GSI) Disability Insurance plan is an ideal disability insurance quote option. Forget about long, extensive underwriting with blood and urine requirements. These plans are convenient for employers and perfect for employees who have pre-existing conditions, excluded by traditional disability insurance underwriting. In many cases, significant group discounts are also available.
When to offer it
Offer Guaranteed Standard Issue disability insurance (also known as GSI DI) If you have employee groups with five or more people.