Illinois Mutual Expands Disability Income Insurance to Working Spouses

Illinois Mutual Life Insurance Company has introduced Simplified Issue Disability Income Insurance (SIDI) for working spouses of worksite benefit participants. This addition allows independent insurance agents to offer disability income protection not only to employees but also to their working spouses, enhancing household income security. The new SIDI product features a straightforward electronic application and expedited underwriting, aiming to simplify the enrollment process for agents and consumers. Notably, it includes coverage for disability due to childbirth following a nine-month policy period, aligning with state variations. This development underscores Illinois Mutual's focus on addressing market demands by providing practical insurance solutions for middle-market families and small business owners. The company's initiative reflects an effort to expand comprehensive disability income options within the worksite benefits space, supporting income protection for entire households.