Partnerships

Industry Background

Partners in industries such as law, consulting, and accounting have experienced significant income growth over the years. However, traditional long-term disability (LTD) insurance has struggled to keep pace. Group Long-term Disability (GLTD) and Individual Disability Insurance (IDI) policies often have maximum benefit limitations that fall short of partners’ income protection needs, resulting in inadequate protection and significant financial exposure for partners and the firm.

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TWG’s Solution

To solve the income protection issue for firms, TWG created multi-life guaranteed issue High-limit LTD program specifically for partnerships. This program provides the additional layer of coverage necessary to ensure partners receive the income replacement they require.

TWG’s High-limit LTD program is designed to seamlessly layer on top of existing GLTD (and IDI), by duplicating key contract definitions. This ensures a seamless integration between policies and minimizes the potential for claims conflict.

TWG is the dominant provider in the AMLaw 100 and serves many consulting firms as well. We offer substantial benefits both domestically and internationally with plans that extend well above $100,000 of monthly benefit payable to Retirement Age.

Testimonials

“The top-level employees and executives in our company were subject to considerable financial exposure. The Westport Group worked with us to create a plan that protected our workers’ salary and bonus income.

Now, our employees and executives have the best, most disability insurance coverage available on the market today.”

“With its high-level commitment to quality, passion for the insurance industry, and solicitation of client input, The Westport Group consistently delivers creative solutions to employee benefit needs. Proudly partnering with Lloyd’s of London, The Westport Group covers risk like no other life & disability insurance provider can.

When we need comprehensive, customized coverage to protect our employees’ financial risk, The Westport Group is our first and only call.”

“The Westport Group showed us a better way to buy multi-life insurance. Through a solutions-based approach, they offered more flexibility than most other programs as well as solid, real-world guarantees. Through their detailed analysis of our life insurance program, they created a custom insurance solution for both our domestic and international managing directors."