GPM Life rolls out its new and innovative disability income product, GovDI this month. Designed to meet the specific needs of federal employees, GovDI supplements basic disability coverage provided under the Federal Employees Retirement System (FERS) in a unique and efficient manner, saving customers money and providing consistent income protection.
GPM Life’s VP of Marketing, Gary Shelstad observes: “When we took a close look at the market, we realized that federal employees have significant gaps in their FERS disability coverage. Existing products were not designed well to meet their needs, either being too costly or providing inadequate supplemental coverage.”
GovDI provides both short and long-term disability benefits that integrate with FERS and supplement federal workers’ income replacement needs. Using jet issue underwriting and GPM Life’s industry leading federal salary allotment processing, GovDI is convenient and simple for customers and agents.
GovDI is a byproduct of GPM Life’s insight into the unique needs of federal employees combined with the disability expertise and product development capabilities of DMS and Munich Re. In addition to its role in product development, DMS provides the underwriting, administration and risk management for GovDI.