Jan 2, 2025
Illinois Mutual Launches Simplified Issue Disability Income Insurance
PRESS RELEASE
Illinois Mutual Life Insurance Company is excited to announce the launch of our new Simplified Issue Disability Income Insurance (SIDI) product. This offering is specifically tailored for those who need fast, affordable coverage without the complexity of lengthy underwriting processes.
Why Simplified Issue DI?
SIDI is an important financial solution that protects you by replacing a portion of your income if you become unable to work due to a disabling illness or injury. This insurance offers peace of mind that a monthly benefit will be provided while disabled, providing time to heal in the absence of a paycheck. By simplifying the application process, we aim to make disability income insurance more accessible, offering a quick decision and coverage for eligible applicants.
Key features of SIDI include:
- 24-Hour coverage, on or off the job
- Simple, electronic application process
- Fast underwriting decisions
- Premium rates for unisex and uni-tobacco
- Elimination periods as short as zero days for accidents and seven days for sickness available in many states
- Childbirth as the result of a normal pregnancy is covered after the policy has been in effect for nine months.*
"At Illinois Mutual, we understand the importance of providing financial security for individuals and families if an income-interrupting, disabling illness or injury occurs," said Lisa Hanson, Vice President of Sales at Illinois Mutual. "SIDI is designed to give people the peace of mind they need — to know they are protected. This new product reflects our continued commitment to offer DI to the middle market, ensuring that individuals can quickly and efficiently access critical protection when they need it most.”
If you are one of the many Americans whose biggest asset—your paycheck—could stop if you become disabled, you need to talk to your agent about getting insured with Simplified Issue DI!
To learn more about SIDI, visit www.illinoismutual.com/SIDI.
Are you an agent looking to offer SIDI to your clients?
Learn More!*NC, giving birth as the result of a normal pregnancy will be covered as of the policy's effective date.