Why might a high-income executive, already covered by a generous employer-sponsored group disability plan, still consider purchasing an individual disability insurance policy?

Question: Why might a high-income executive, already covered by a generous employer-sponsored group disability plan, still consider purchasing an individual disability insurance policy?

Answer options:

• A. To obtain guaranteed issue coverage without medical underwriting. ✅ B. To ensure 'own occupation' coverage for the entire benefit period, regardless of changing employment.
• C. To reduce the overall cost of their disability insurance premiums.
• D. To replace 100% of their pre-disability income through the combined plans.

Correct answer: B. To ensure 'own occupation' coverage for the entire benefit period, regardless of changing employment.

Explanation: Individual disability policies often offer a stronger 'own occupation' definition of disability and portability. This ensures the executive is covered if they cannot perform their specific, highly specialized job, even if they switch employers or if the group plan's definition later transitions to a less favorable 'any occupation' standard, which is common in group plans.