THE NEW NAJIT ENDORSED DISABILITY
INSURANCE SOLUTION
One thing became perfectly clear in the responses we received to our recent membership survey: NAJIT members--many of whom are independent contractors--are looking for additional professional insurance programs endorsed by their organization.
Today we take another step in offering NAJIT members a full complement of insurance programs, by making available a new best-in-class disability insurance program for most if not all NAJIT members including part-time independent contractors.
Under our new program, The Standard Insurance Company will provide one of the best contracts in the industry to NAJIT members who work more than 30 hours per week, thereby recognizing the professional nature of the work performed by NAJIT members.
In addition, NAJIT has also endorsed a Lloyds program for those members working less than 30 hours per week.
Here are a few highlights of NAJIT's new disability insurance program:
- Two programs…one for fulltime interpreters/translators and one for those independent contractors working less than 30 hours per week.
- Special simplified underwriting that requires no medical exam or financial documentation.
- Ability to custom-design either program with 60, 90, or 180 day elimination periods with 2-year, 5-year, and to age 67 options.
- Both programs are from leaders in disability insurance…Lloyds and The Standard, with strong financials.
- Ability to add riders such as residual, cost of living adjustments, catastrophic coverage, guaranteed renewable and non-cancellable, so that each NAJIT member can design a program with benefits and costs suitable to their individual needs.
- Online websites for each program that allow for online application and quoting with phone support from disability specialists.
Financial Planners know that Disability Insurance is an important part of your personal planning. That's because, at most ages, you are more likely to become disabled than to die, and a long-term disability can impose serious constraints on your lifetime earning potential. For instance, if you are age 40 and earn $25,000/yr, your earning potential to age 65 is $625,000. If you earn $75,000/yr your earning potential to age 65 is $1,875,000! These are important considerations for anyone, and NAJIT has now made it easy for our members to apply and obtain this important coverage.
For more information on the NAJIT endorsed Disability Insurance programs, pricing for your individual need, applying for coverage or just general information as to why you should consider disability protection, please click on one of the side buttons.