The MGIS Companies

GROUP BENEFITS DIVISION

Best-in-Class LTD Contract Features for Dental Practices

We design and administer disability programs specialized for dentists, offering one of the strongest contracts available at a competitive price. Just take a look at these specialized contract features:

"Own Specialty" definition of disability. Our contract provides superior protection for the specialty in which a dentist is practicing, with all claims adjudicated by a specialized, dedicated claims unit. Plus, we do not penalize dentists who have an earnings lag.

Benefit Levels available up to 66 % to $15,000 a month (dependent on income levels). Guaranteed Issue is available, depending on group size and income levels. Contributory plans are also available for dentists, allowing tax-advantaged benefits.

Dual Formula Zero Day Residual Disability Benefits. When calculating the first 12 months of return to work benefits, we can allow up to 100% from all sources. Following this, we use the "Best of Both Worlds" formula—the higher of a Proportionate Loss formula or 50% Offset formula, providing a more equitable earnings replacement ratio across an entire salary spectrum.

Superior Standard Contract and Underwriting Features.

Flat 5% indexing of earnings
Sabbatical Leave Coverage Continuation for up to 12 months
Conversion included
Full EAP and Travel Assistance program included
HR Essentials included—online resource for Human Resource questions and needs
Does not offset with individual disability coverage

Specialized Options Designed for Dental Practices (not all options available in all states)

Infectious and Contagious Disease Benefit. Pays a benefit upon loss of earnings due solely to testing positive for an infectious and contagious disease as defined by the Centers for Disease Control.
Extended Earnings Benefit. Provides a continuing benefit after claimant returns to full-time work, but still suffering an earnings loss. Helps rebuild patient base following a period of disability. Payable for up to 12 months.
Business Protection Benefit. Helps defray the overhead costs of a practice while a covered dentist or key employee experiences a period of disability. Benefits are payable to the group; no expense verification is required. Various benefit percentages and durations of 12 or 24 months available.
Cost of Living Adjustment (COLA) Benefit. Flat 3% benefit, with options of 5, 10 or unlimited annual increases.
Pension Contribution Benefit. Continues contributions to a qualified pension plan during total or residual disability, up to $2,500 per month.
Assisted Living Benefit. Provides additional benefit for loss of Activities of Daily Living (ADLs) or cognitive impairment. Benefit percentages options of 10%, 13.3%, 30% and 40%, up to a $5,000 monthly maximum.
Progressive Illness Benefit. Freezes earnings when disabled due to progressive illnesses (such as arthritis); allows for benefit calculation at higher of current income or income at diagnosis of progressive illness.
Accidental Dismemberment/Loss of Sight Benefit. Guarantees a minimum number of monthly LTD benefit payments for loss of limbs or loss of sight.
Retro Disability Benefits. Pays a benefit back to day one of your claim if you are severely disabled and hospitalized for 14 days or more at the onset of your disability.