Corporations

Recruiting and retaining top corporate executives is challenging.

There always seems to be an opportunity at a competing company for high-impact leaders. These executives can significantly influence entire departments and their compensation often reflects their substantial contributions. It’s important to recognize the value of a strong benefits program and it’s impact on employee retention.

In fact, 78% of employees reported they’re more likely to stay with an employer because of their benefits program (United Insurance).

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TWG’s High-limit LTD

Over time, executive compensation packages have become increasingly complex, with a large portion of their income coming from bonuses, commissions, long-term incentive plans, and equity grants. However traditional long-term disability (LTD) plans have remained stagnant and are not designed to account for these additional components of compensation, leaving substantial gaps in income protection for these executives.

To address this, TWG developed a “first-of-its-kind” multi-life, guaranteed-issue High-limit LTD program designed to specifically protect all aspects of an executive’s compensation package. This program provides the additional layer of coverage necessary to ensure executives receive the full income replacement they need in the event of a disability.

TWG’s High-limit LTD program seamlessly layers on top of existing Group Long-term Disability (GLTD) insurance (and IDI) coverage, safeguarding additional salary, bonuses, commissions, and future equity grants left unprotected by these underlying plans. Our program matches the definitions of the underlying policies to ensure smooth integration and minimize claims conflict.

TWG works with corporations of all sizes — both domestically and internationally. Our plans provide over $100,000 of additional 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."