New year, new MassMutual DI Underwriting enhancements

We wanted to make assessing occupation classes easier, so we enhanced our business owner and executive disability income (DI) insurance underwriting programs. Additionally, we enhanced our W-2 to 1099 contractor program so you are able to use income from your previous employer.*

Business owners (except medical/dental professionals or those in a new business or profession) may qualify for enhanced occupational classification and coverage at a lower cost:

Business owners, whether or not they are listed in the Occupational Underwriting section of the MassMutual DI Reference Manual (DI1075), will be eligible for the program provided they work full-time, year-round and meet the following criteria:

Occupations not eligible for this program:

  • Medical professions
  • Dental professions
  • Individuals working from home
  • Individuals engaged in a profession or occupation deemed uninsurable.

Review the DI Underwriting criteria for the Business Owner Program (DI1117).

Business executives (except practicing medical/dental professionals or those in a new business or profession) may qualify for enhanced occupational classification and coverage at a lower cost:

Employees of a business that has been in existence for at least 5 years and is financially sound, and meet the following criteria are eligible for the program.

Occupations not eligible for this program:

  • Practicing medical professions
  • Practicing dental professions
  • Individuals engaged in a profession or occupation deemed uninsurable.

Review the DI Executive Underwriting Program (DI1116).

New self-employed 1099 contractors experienced in the same occupation may qualify for individual DI in accordance to their historical W-2 earnings.

For these instances, MassMutual will use a percentage of the most recent W-2 earnings to determine the eligible monthly benefit amount for new 1099 contractors.

Review the 1099 Employees underwriting guidelines (DI1115).

We thank you for your partnership and the opportunity to earn your business. Reach out to our dedicated MMSD DI Sales Team members for exceptional value, tailored services, and thought leadership. 

 

FURTHER INFO:

* MassMutual reserves the right to discontinue underwriting programs at any time.

1 Refer to specific industry for incomes below $150,000.

 

FOR FIRM USE ONLY.  NOT FOR USE WITH THE PUBLIC.

MassMutual Strategic Distributors® is a division of Massachusetts Mutual Life Insurance Company.

© 2024 Massachusetts Mutual Life Insurance Company (MassMutual®), 1295 State Street, Springfield, MA 01111-0001. All rights reserved. www.MassMutual.com. 

 

If you do not want to receive future e–mails from me, please call me, send me an e–mail or write me so that I can remove you from my list.