Case of the Quarter: Infrastructure Construction Company Continues Longtime GSI IDI Plan
Our latest case of the quarter features an infrastructure construction company whose GSI IDI plan with The Standard goes back more than a decade.
With this plan, developing and maintaining a positive client relationship over the years is important. For The Standard, we stand behind our coverage and promise, and we offer solutions as the company evolves and grows. The broker is still the same as when this client started their GSI IDI plan. And the company relies on both The Standard and the broker to communicate and develop solutions for their highly compensated employees as the company grew during the past decade.
In number of lives covered, this company’s GSI IDI plan has grown more than 500%. It started out covering 46 lives and has grown to 250. Some of this growth is related to acquisitions in the past few years and bringing those entities’ highly compensated employees into the plan.
Our team continues to exercise our commitment to this company, increasing the plan maximum twice since the plan started. This helps the company’s employees keep pace with income increases to get the most value from the plan.
Our commitment to GSI IDI goes beyond the selling of the plan, as proven in this case. Clients can rely on our expertise and experience to support their company needs and growth over the years and decades.
Industry | Infrastructure construction |
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GSI Plan Size | 250 lives, vice president level and higher |
In-Force Group LTD Coverage | 66.67% to $8,500/month (insures salary and bonus) |
GSI Solution | 60% to $10,000/month (insures salary and bonus) |
Additional GSI Benefits | Enhanced Residual Disability Rider Regular Occupation Extension Rider |
Discount | 35% |
Annual Premium | $450,500 |
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