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Illinois Mutual Launches SIDI Option for Working Spouses of Worksite Benefit Participants

In a significant move aimed at enhancing support for working families, Illinois Mutual Life Insurance Company has introduced the Simplified Issue Disability Income Insurance (SIDI) option. This new offering is specifically designed for the working spouses of individuals enrolled in worksite benefit programs. With this development, Illinois Mutual is responding to the need for broader income protection coverage, allowing insurance agents to better serve the families of their clients.

Understanding the New SIDI Option

Traditionally, many employees would inquire about disability coverage for their spouses, only to find that such options were unavailable. Most employers limit disability income (DI) coverage to the employee, leaving their partner unprotected. Furthermore, potential barriers such as lengthy applications and extensive medical underwriting often deter individuals from seeking these crucial protections. Illinois Mutual recognized these challenges and has designed the SIDI with a focus on practicality and accessibility.

Key Features of SIDI

1. Simplified Application Process: The SIDI product boasts an electronic application procedure, streamlining the sign-up experience for agents and clients alike. This is a significant improvement over traditional methods that often involve cumbersome paperwork.

2. Quick Underwriting Decisions: One of the standout features of the SIDI is its enhanced speed in underwriting decisions, enabling insurance providers to offer swift responses to clients' applications.

3. Inclusive Coverage: Notably, SIDI includes coverage for disabilities resulting from childbirth due to normal pregnancy, treating it similarly to other health issues after the policy has been active for nine months, although this may vary by state laws.

Support for Agents and Families

As Rob Czerwinski, Head of Worksite Sales at Illinois Mutual, stated, "At Illinois Mutual, our focus is on practical protection for working families." The introduction of SIDI represents a crucial step towards enabling insurance agents to deliver comprehensive income protection solutions that encompass the entire family.

By addressing the expressed needs of agents and enhancing their service offerings, Illinois Mutual aims to be a leader in the market for disability insurance not only for employees but also for their spouses, thereby promoting greater financial security for families.

Commitment to Middle-Market Families

Illinois Mutual has a longstanding commitment to supporting middle-market families and small business owners by providing thoughtful insurance solutions. Their alignment with market needs emphasizes a mission to adapt offerings in ways that truly benefit consumers, as exemplified by the SIDI introduction.

Learn More

Those interested in learning more about SIDI for working spouses, or for any inquiries regarding its benefits, can visit Illinois Mutual's Worksite Learning Center.

About Illinois Mutual

Having been family-led for over 115 years, Illinois Mutual is committed to providing trustworthy life, disability income, and voluntary worksite insurance products. The organization continues to pursue its mission of helping people achieve and safeguard their financial security, making it a reliable choice for families in need of insurance solutions.

For further information, please contact:
Hope Jamroz
Marketing Portfolio Coordinator
Illinois Mutual Life Insurance Company
Email: [email protected]
Website: Illinois Mutual