Given that workers face the not-so-unlikely prospect of having a disability ruin their income potential – and run their retirement plans off the rails – some innovative solutions are required to help deal with that gap.
Pension Advisory Group, Inc. and Pro Financial Services have announced the debut of the Retirement Income Assurance Policy (RIAP), a new group long term disability insurance product. PAG is the Master General Agent for the RIAP program, while PFS is the Managing General Underwriter with full binding authority on behalf of Lloyd's of London.
The RIAP program addresses situations where employees become disabled before their normal retirement age and are no longer able to participate in their company's retirement plan.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
