Insurance Carriers Announce Individual Disability Insurance Policy Enhancements for Federal Government Employees and Federally Employed Physicians

Rockville, MD (PRWEB) November 01, 2012

MR Insurance Consultants, a financial services group specializing in individual disability insurance, is pleased to announce that Berkshire Life Insurance Company of America, one of the nation’s leading providers of individual disability insurance, has enhanced the individual disability insurance policy benefits they offer to Federal government employees and federally employed physicians. Federal employees will now have access to larger monthly benefits, longer benefit periods and more optional riders than previously, with less restrictions on who may qualify.

For years, the individual disability insurance policies available to Federal employees and physicians were restricted based on the individual’s age and total number of years of civilian service. With these new modifications, many of these individuals will now be able to obtain an individual disability insurance policy, which provides more comprehensive income protection in the event of a disability.

Some of the enhancements that will now be available include, but are not limited to:

   •  Federal employees and physicians will now be treated as having employer-provided, group long-term disability insurance that covers 40% of their income, which is reflective of the FERS retirement disability benefits. This will allow for greater supplemental benefit amounts then available in the past.
   •  The number of years of service one has will no longer impact eligibility or benefit levels.
   •  Coverage is now available to individuals at more advanced ages than before. Berkshire will offer coverage up to age 60.
   •  Maximum benefit levels have been increased which provides higher-wage earners the ability to protect a greater percentage of their income than before.

The individual disability insurance policies offered are intended to supplement benefits that are provided through the Federal Employee Retirement System (FERS). For more information on FERS benefits, visit FERS disability retirement benefits.

Michael Relvas, the owner of MR Insurance Consultants, is a CERTIFIED FINANCIAL PLANNER™ professional and also the creator of the “Buyer’s Guide to Physicians Disability Insurance”. For more information, Michael can be reached at 800-817-4522 or mrelvas(at)mrinco(dot)com.

Michael L. Relvas, CFP® is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS), 1355 Piccard Drive, Suite 380, Rockville MD 20850. Securities products/services and advisory services are offered through PAS, a registered broker-dealer and investment advisor, 240-683-9700.
Financial Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian. MR Insurance Consultants is not an affiliate or subsidiary of PAS or Guardian.

PAS is a member FINRA, SIPC.

Disability income products underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY. Product availability, provisions and features may vary from state to state.

Read the full story at http://www.prweb.com/releases/FERS-disability/federal-employees/prweb10080504.htm