Income Replacement

Proguard – Proguard Plus RS1

Original line of business: Aetna

Updated on: Dec 14, 2018

Product snapshot

  • Proguard is designed to meet the income replacement needs of most professionals, executives, business owners and administrators. It covers regular occupation and residual plan only.
  • Proguard Plus combines into one plan the features of the "own occupation" and "residual" plans.
  • Under the "own occupation" definition, Proguard Plus will pay a full income benefit if the insured cannot engage in his/her regular occupation because of accident or sickness, even if the Insured is engaged full time in another occupation. Earnings from the new occupation will not reduce total disability benefits.
  • Under the "residual" definition, Proguard Plus will pay a monthly benefit for periods of partial disability even if the insured has returned to his/her occupation but at a reduced earnings level. Residual benefits are paid if the income level is 80% or less of the insured's former earnings level and only after a continuous period of total disability.

Basic product information

Product administration guide:  N/A

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Product administration guide

Marketing guide available for Proguard and Proguard Plus RS1

Sample contract

Sample contract available for Proguard Plus RS1

Dividend options

N/A

Bonus

N/A

Premium paying period

Proguard and Proguard Plus provide non-cancellable, guaranteed renewable to age 65

Policy fees

$50.00

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

Please verify policy contract

Loans

N/A

Withdrawals

N/A

Cash value

N/A

Reduced paid up

N/A

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

N/A

Reinstatement period

N/A

Convertible

Non-convertible