Underwriting group disability requires an understanding of the marketplace, the needs of employers and the dynamics of the group being insured.

Symetra works with an experienced underwriting team to ensure the disability choices presented are the best fit at a competitive price.

Groups should be established for at least two years. Other underwriting considerations include:

• Type of industry
• Employer profile
• Employee demographics
• Date of birth
• Gender
• Occupation
• Salary
• Plan design - a copy of the group's current contract is needed
• Claims and premium experience
• Over 100 lives for STD
• Over 300 lives for LTD

•  Participation Requirements
•  Census Template

Participation Requirements

Short-Term Disability

• Noncontributory - 100% of eligible employees
• Contributory - 75% of eligible employees with a minimum of 10 enrolled lives

Voluntary Short-Term Disability

• 15% of eligible employees or 10 enrolled lives

Long-Term Disability

• Noncontributory - 100% of eligible employees
• Contributory - 75% of eligible employees with a minimum of 10 enrolled lives

Core Buy-Up Long-Term Disability

• Noncontributory - 100% of eligible employees
• Buy-up - the greater of 25% of eligible employees or 10 enrolled lives

Census Template

All groups require a census to be completed prior to quoting. The census must include employees' date of birth, gender, occupation/job title and salary in an Excel format.

You may use your own template or download ours. 

Article: Your One Stop Shop for Group Life and Disability Income Insurance

Support

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contact the Regional Group Manager  in your area for marketing and sales support.