MassMutual DI Underwriting Enhancements

Occupation classes are easier, so MassMutual enhanced their business owner and executive disability income (DI) insurance underwriting programs. Additionally, their W-2 to 1099 contractor program so you are able to use income from your previous employer.

Business owners (except medical/dental professionals or those in a new business or profession) may qualify for enhanced occupational classification and coverage at a lower cost:

Business owners, whether or not they are listed in the Occupational Underwriting section of the MassMutual DI Reference Manual (DI1075), will be eligible for the program provided they work full-time, year-round, and meet the following criteria:

Occupations not eligible for this program:

• Medical professions
• Dental professions
• Individuals working from home
• Individuals engaged in a profession or occupation deemed uninsurable.

Review the DI Underwriting criteria for the Business Owner Program (DI1117).

Business executives (except practicing medical/dental professionals or those in a new business or profession) may qualify for enhanced occupational classification and coverage at a lower cost:

Employees of a business that has been in existence for at least 5 years and is financially sound, and meet the following criteria are eligible for the program.

Occupations not eligible for this program:

• Practicing medical professions
• Practicing dental professions
• Individuals engaged in a profession or occupation deemed uninsurable.

Review the DI Executive Underwriting Program (DI1116).

New self-employed 1099 contractors experienced in the same occupation may qualify for individual DI in accordance to their historical W-2 earnings.

For these instances, MassMutual will use a percentage of the most recent W-2 earnings to determine the eligible monthly benefit amount for new 1099 contractors.

For these instances, MassMutual will use a percentage of the most recent W-2 earnings to determine the eligible monthly benefit amount for new 1099 contractors.

Review the 1099 Employees underwriting guidelines (DI1115).