DENVER – The Financial Planning Association® (FPA®) is kicking-off a special Open Enrollment period for its Group Long-Term Disability Insurance Plan with new enhancements and rates that will make it the most affordable coverage of its kind available to those in the financial planning profession.
With a special Open Enrollment period commencing on Oct. 20 and running through Oct. 31, the new FPA Group LTD Plan will provide participants 20 to 40% lower rates than the previous plan (depending on age) and savings of 30 to 70% less than the typical individual LTD plan. This lower cost policy with increased benefits is offered through Ryan Insurance Strategy Consultants and The Standard Insurance Company, Inc. The new rates will make coverage lower cost than any other program offered.
“FPA is proud to partner with Ryan Insurance Strategy Consultants to provide a valuable member benefit that will ensure our members are protected when unable to work due to health issues,” said FPA Executive Director and CEO Lauren M. Schadle, CAE. “We have offered our Group LTD Plan for several years and are pleased we are now able to make the coverage even more affordable. This program is just one of dozens of member benefits we offer our members and the savings afforded in this one program can more than pay for the cost of membership.”
The new program will also feature several enhancements, including:
• Monthly disability benefit maximum increased to $12,000;
• Own Occupation for the full benefit period;
• Residuals/Trailer income are includable in earnings; and
• Pre-disability Residual/Trailer income received while disabled will not reduce benefits
"There is no other national association true group Long-Term Disability Plan in the industry that offers, on a guaranteed issue basis, a better level of protection than the FPA plan,” said John Ryan, CFP® of Ryan Insurance Strategy Consultants. “The combination of own-occupation protection to age 65, inflation protection and guaranteed access up to $12,000/month in benefits makes this plan truly unique. Couple that with the new enhancements, the FPA Group LTD Plan has never been more attractive.”
The special Open Enrollment period is available to all eligible FPA members, regardless of initial membership date and without medical questions or exams. The new premiums and benefits will automatically apply to current FPA Group LTD Plan participants effective Nov. 1, 2014. Non-members can review the plan by going to www.AssociationInsuranceBenefits.com
and FPA membership
is required prior to enrolling.