When it comes to the risk of disability, Americans are woefully underinsured. Disability vastly outpaces the death of a breadwinner among those under age 50 as a leading cause of economic hardship for families. The fact is, most people vastly underestimate their chances of becoming
Five Important Disability Insurance Riders Doctors Should Understand
Most of our readers understand the role of disability insurance in a doctor's or dentists overall financial plan. Most experts would agree that for those in a high-earning profession like medicine, who have already invested substantial financial resources into their education, disability insurance
Group Disability Vs. Individual Disability – What You Need to Know
My employer offers me disability insurance via a group plan. Why do I need my own policy? It’s terrific that your employer offers this important benefit to you. But there are important differences between a group disability plan designed to appeal to employers and an individual plan, designed
Doctors: When to Review Your Disability Insurance Coverage
Disability insurance is like a good car: It will work when you need it – but you need to do a little maintenance from time to time to get the most out of it. For disability insurance policyholders, maintaining your policy means doing a periodic review of the policy with your insurance professional
Disability Insurance and Medical Specialties
Most doctors who have spent time shopping around for physician disability insurance, or actively doing financial planning for themselves and their families, understand the importance of the distinction between own occupation and any occupation language in disability insurance policies. Naturally, a
Why is Disability Insurance More Expensive for Women?
Occasionally we have clients compare rates for similar individual disability insurance policies for men and women. Why Are Rates Higher For Women? Because it’s worth it! Here’s why: When insurance companies set rates, they base them on their claims experience for similar policy holders in
Common Disability Insurance Riders
A rider is a special feature or additional guarantee on top of a basic insurance policy. Some riders are available for free – you just have to check the appropriate box on the application. For other riders you may have to pay some additional monthly premium. But depending on your individual
Are You Affected by the Recent American Dental Association (ADA) Disability Insurance Rate Increase?
Thousands of practicing dentists across the country got some bad news from their disability insurance company last spring: Their affiliated disability insurance company, Great West Life, announced a significant rate increase effective May 1st. Premiums for men increased by about 16 percent, while