We are very happy to announce that Guardian will now offer substantially higher monthly benefit amounts for Federal Employees. Employees covered under the Federal Employee Retirement System (FERS) may be entitled to additional disability insurance coverage based on recent increases in Berkshire's federal employee issue limit. They will now be eligible for coverage under the normal Issue and Participation limits.
Guardian and Berkshire used to limit the maximum monthly benefit for disability insurance for Federal Employees to $2,000, and with very few optional riders. Federal Employees can now purchase the same optional riders as everybody else in the private sector (residual, FIO, COLA, CAT, etc...) Berkshire now can offer a combination of two DI policies that supplement existing FERS benefits.
The first policy is available with a 90-day elimination period and the second has a 360-day elimination period to coincide with the end of the FERS short-term disability benefits. They will also benefit from increased issue limits which make Guardian and Berkshire one of the most competitive in the industry.
Give our office a call today to find out just how much disability insurance coverage your client can obtain even if they are a Federal Employee. We can be reached toll free at 888-513-2300.