Product Description
Century+ Individual Disability Income is a guaranteed-renewable disability income insurance policy for individuals. It pays a monthly benefit while the insured is totally or partially disabled, following an elimination period and up to the maximum benefit period, subject to policy provisions.
Issue Ages
18–60 (age nearest birthday)
Renewability
Guaranteed renewable to age 65, age 67 for to-age-67 benefit period; conditionally renewable to age 75 if employed full time
Underwriting Classes
Non-Tobacco and Tobacco
Occupational Classes
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Class 4A: Includes professional or office-type occupations that are rarely exposed to physical or occupational hazards.
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Class 3A: Includes occupations similar to occupation class 4A but with certain activities or hazards involving laboratory, technical, supervisory and service work.
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Class 2A: Includes skilled and manual occupations in lighter industries, along with most machine operators.
- Class 1A: Includes occupations involving heavy manual labor or unskilled workers where there is increased risk of accident.
Benefit Amount
$500-$20,000
Benefit Periods
For issue ages 18 through 55:
- Class 4A – 1-year, 2-year, 5-year, 10-year, to-age-65 and to-age-67
- Class 3A – 1-year, 2-year, 5-year, 10-year, to-age-65 and to-age-67
- Class 2A – 1-year, 2-year, 5-year and 10-year; also to-age-65 and to-age-67, IF
- Self-employed: working in and owning, the same business for the last two years, with an annual net income of at least $40,000 for each of the last two years
- W-2 employee: with an annual income of at least $40,000 for each of the last two years
- Class 1A – 1-year, 2-year and 5-year
For issue ages 56 through 60:
- Classes 4A and 3A – 1-year, 2-year and 5-year
- Classes 2A and 1A – 1-year and 2-year
Elimination Periods
30, 60, 90, 180 or 365 days
Issue Limitations
Available through Table 4 (200 percent)
Underwriting
A traditional fully underwritten approach is used. A medical exam or medical records will be ordered if necessary. Coverage may be offered with a policy amendment rider, special class premium, longer elimination period, shorter benefit period or a combination of any of these.
Rate Structure
Premiums are level for the guaranteed renewal period; based on gender, tobacco use, age, occupation class, benefit amount, benefit period and elimination period. Premiums increase annually for the conditionally renewable period.
Included Benefits
- Total Disability Monthly Benefit (Base Policy Monthly Benefit)
- Partial Disability Monthly Benefit
- Presumptive Disability Benefit
- Home Modification Benefit
- Survivor Benefit
- Vocational Rehabilitation Benefit
- Organ Donor Benefit
- Waiver of Premium
Optional Riders (additional premium, not available in all states)
- Automatic Benefit Increase Rider
- Guaranteed Insurability Rider
- Non-Cancelable Rider
- Own Occupation Rider
- Residual Disability Benefit Rider
- Supplemental Disability Income Rider
Premium Modes
Annual, Semi-Annual, Quarterly, Monthly (automatic bank withdrawal or credit card)
Policy Fee
$40 annually - commissionable
15-029-022001-21