New Year, New MassMutual DI Underwriting Enhancements
01-22-2024
MassMutual® Disability Income Insurance underwriting is making it easier for business owners and executives to qualify for a straightforward, enhanced occupational classification and obtain the individual DI coverage they need, at a lower cost.
Introducing MassMutual’s Business Owner and Executive Programs, each designed to streamline the underwriting process by simplifying Occupational Classing.
Business owners — other than Medical and Dental professionals, and Individuals working from home — for five years or more with less than 10% manual duties or less than 10% onsite, less than 20% of sales, and a 20% minimum ownership, will be occupation class:
- 3A for two years of $50,000 or more income and five or more employees.
- 4A for two years of $100,000 or more income and five or more employees.
- 5A for two years of $150,000 or more income and 10 or more employees.
- 5A/3 for two years of $250,000 or more income and 10 or more employees.
Executives — other than practicing Medical and Dental professionals — for five years or more with less than 10% manual duties or onsite, and less than 20% of sales, will be occupation class:
- 4A for two years of $150,000* or more income.
- 5A for two years of $175,000* or more income.
- 5A/3 for two years of $250,000* or more income.
Occupations not eligible for these Programs:
- Individuals engaged in a profession or occupation deemed uninsurable.
- Please refer to the MassMutual DI Reference Manual
For more information or to discuss your next case, please contact our DI Sales director, Howard Klebanow, at 330.576.1105