MassMutual Updates Worksite Disability Coverage to Meet the Needs of America’s Aging Workforce
In addition, the new policy offers a larger discount for employer-paid coverage and is available on a guaranteed standard issue basis. The policy is sold primarily at the worksite to executives whose compensation is variable and who therefore need more flexible coverage than typically offered by group disability policies. The policy is portable, meaning that insureds can continue their coverage if they leave their employer.
"The new MaxElect13 policy represents the changing nature of the workforce and creates more opportunities for executives to protect their incomes throughout their working careers," said
MaxElect13 allows an employer to make coverage available to key employees who may have income-protection gaps in their disability coverage or uncovered compensation, such as bonuses or commissions. This coverage is offered at discounted rates with guaranteed standard issue and portability that enables employees to take the policy with them wherever their careers might lead.
"As America's workforce changes,
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MaxElect13 (policy form ICC13XLSME) is issued by
MaxElect13 is available in all jurisdictions except
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