What is a Multi-Life Disability Income Insurance Program (MLDI)?
It is no secret that employers are under pressure to enhance their benefit package while still controlling their costs. A MLDI Program is more than a new benefit offering. It’s a way to stand out in today’s job market and attract and retain the best talent for your company.
MLDI Programs use individual disability income insurance contracts that exceed the benefit of your Group LTD plans. They supplement those plans by offering an additional layer of coverage to your top level of employees, the very ones you want to attract most.
Traditional Group LTD plans are important protection plans. However, they usually fall short of “comprehensive” protection, leaving the higher compensated employee team exposed. Most of the time that gap in coverage is unintentional, and is not understood by the employee until it is too late. As an employer you can provide significant discounts, and underwriting concessions to your employees – in a very budget friendly way!
Let us show you how you can use a MLDI Program to help you to attract and retain employees who can help your company grow!