disability

Guardian’s PayGuard Plus Extends Disability Coverage to Stay-At-Home Spouses

NEW YORK, Oct. 12, 2020 /PRNewswire/ — Today, The Guardian Life Insurance Company of America® (Guardian Life) unveiled new term disability insurance, PayGuard Plus, with disability protection for a stay-at-home spouse. The Spousal Coverage Program gives existing individual disability policy holders the ability to cover a spouse who does not generate an income. All marriages, including same-sex and civil unions are eligible.

More than 11 million parents in the United States are stay-at-home parents1. According to 2019 data from Salary.com, if someone was to pay a stay-at-home parent for the services they provide, ranging from house manager, chef, tutor, chauffer, nurse, personal assistant and negotiator, their median annual salary would have been $178,2012. If a stay-at-home parent becomes ill or disabled it could be a devastating financial event for a family.

Under the Spousal Coverage Program, the non-income-generating spouse will receive the total disability benefit when, because of sickness or

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Sun Life and MGIS extend partnership offering specialized disability income protection to healthcare professionals

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WELLESLEY, Mass. and SALT LAKE CITY, Utah, Sept. 28, 2020 /PRNewswire via COMTEX/ —
WELLESLEY, Mass. and SALT LAKE CITY, Utah, Sept. 28, 2020 /PRNewswire/ — Sun Life U.S. and The MGIS Companies, Inc., a leading national insurance program manager, today announced a ten-year extension of their partnership serving the customized benefit needs of healthcare professional groups nationwide since 2006. Sun Life will continue to be the exclusive provider of group disability and life insurance to MGIS’ growing base of healthcare professionals in various practice settings and will expand products and services to shared Clients under the new agreement.   

“We’re delighted to continue our partnership with MGIS, which is the market leader in insurance management services for healthcare professionals and has a longstanding commitment to healthcare practices,” said David Healy, senior vice president, Group Benefits at Sun

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