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DANGER OF LIVING WITH THE 60% ILLUSION, THE

DANGER OF LIVING WITH THE 60% ILLUSION, THE

Life Insurance Selling, Jun 2010 by Terry, Gary

Many highly compensated employees falsely believe their company’s disability income plan provides 60% coverage while they might actually be covered at only 10%-15% of their net take-home pay after taxes. You need to make them aware of how supplemental disability insurance can solve the problem. By Gary Terry

In any discussion of employee disability benefits – including those with highly compensated employees and professionals, a lack of understanding becomes quickly apparent. Whether it’s an office assistant or an executive, almost everyone says, “I didn’t realize that.”

Corporate executives, business owners, money managers, lawyers and others firmly believe that they are adequately protected and that their company’s disability income plan provides them with 60% coverage
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