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
Why People In Their 20s and 30s Need Disability Insurance
As a young and healthy person, it’s easy to think of wheelchairs, canes and handicap placards as an issue for older Americans. But that’s just not true. Aside from the risk of accidents and injuries, there are also a number of severe, debilitating and potentially career-ending diseases strike young
The Different Types of Disability Insurance
Disability insurance is almost a must-have for any professional – especially those whose peak earning years are ahead of them. A freak accident, a bad break with a dreaded disease, or a problematic pregnancy can all disrupt or end a career that you spent most of your life preparing for – and less
What To Look For in a Physician’s Disability Insurance Policy
1.) An ‘own occupation’ definition of disability Most doctors are pretty active. If you’re like most doctors, you’re on your feet for much of the day. Surgical specialties and emergency medicine may require more activity than others, but few doctors are very sedentary in their
MetLife Leaves the Individual Disability Insurance Game
If you’ve been putting off getting disability coverage, now is the time to act. Here’s why: One of the best disability contracts for physicians on the market – and one of the best values – is the MetLife policy. Unlike many cheaper disability policies, it’s a ‘true own occupation’ contract – meaning
6 Reasons You Should Own Your Own Disability Insurance Policy In Addition To Your Employer’s Group Policy
Many people we speak with ask us why they should purchase their own disability insurance when their employer already offers a general group plan for all the employees. There are many reasons why doctors and dentists, especially, should own their own individual disability policies. Here are some of
The Role of Disability Insurance in a “Portfolio Pyramid”
Any good financial planner will tell you that the role of disability income insurance is a key asset and makes up part of a solid foundation for any financial plan. The "Portfolio Pyramid" A common way of explaining and illustrating a solid financial plan is to imagine a pyramid. The most