Archive for February, 2010
Set for Life Insurance Now Offers Discounted Rates on Disability Insurance for Physicians, Residents and Employees of Massachusetts General Hospital/Harvard University
Wednesday, February 10th, 2010
Set for Life Insurance has discounts available for physicians, medical residents and employees of Massachusetts General Hospital and Harvard University.
When shopping for disability insurance, it is important to look at all of your options available. In addition for looking for the right coverage for your needs, it is important to see if you have discounts available to you. This can save you a significant amount of premium over the course of your career.
Rates are based on several factors including age, gender and occupational class . Female rates tend to be approximately 40% more expensive than male rates. Therefore, if women are able to obtain unisex discounts, they will save significantly. Men will also receive a discount, but the change won’t be as dramatic as their rates start out at a lower premium than their women counterparts.
Sample Rates for Medical Residents/Fellows.
$1000/month benefit: Premium $23/month
$5000/month benefit: Premium $115/month
$7500/month benefit: Premium $172/month
•· Example for a 30 year old non smoker, female, non-surgical specialty.
•· Rates are guaranteed to age 65.
•· Covers you in your medical specialty.
•· Increase options up to $15,000/month in the future without further medical underwriting.
•· Discounts remain on the policy throughout your career, even if you change employers in the future.
•· AM Best A+ Rated company.
•· Includes a 3% Cost of Living and Partial, Residual Disability Rider.
•· Non cancelable, Guaranteed Renewable.
•· Policy subject to Medical Underwriting, Rates may vary based on gender, age, health and medical specialty.
•· Applicants must apply for a policy while still employed at the discounted employer.
If your current employer or residency program does not currently have discounts available, contact Set for Life and we can help implement a discount program for you and your colleagues.
Read More…
- Who Needs Disability Insurance?
- Are You Prepared For a Disability?
- Disability Insurance Policy Provisions
- Individual vs. Group Disability Insurance
- Disability Statistics
- Disability Shopping Tips
- Business Disability Insurance
- Available Discounts
- Insurance Companies
- Disability Insurance Process
- Disability Insurance Glossary
Disability Insurance Underwriting Made Simple
Monday, February 8th, 2010
Disability insurance underwriting can be complicated. But it doesn’t have to be. If you are looking to purchase a policy with less than $5000/month benefit and don’t have any major health conditions, you may want to consider a simplified underwriting plan.
Sometimes less is more:
- No income documentation.
- No medical exams or testing.
- No attending physician statements or medical records.
- No personal history interview.
What is included?
- Up to $5000/month benefit (depending on company).
- Own occupation definition of disability.
- Increase options in some circumstances.
- Available to ages 18-60.
- Available to most occupational classes.
- All waiting and benefit periods available.
Please contact the Set for Life Insurance office today for more information.
Dr. C. Mirshab, Anesthesiologist, Denver, CO
Wednesday, February 3rd, 2010
Ever since completion of my professional training, Set for Life has been a tremendous help and resource with my Disability Insurance needs. They are readily accessible and inform me on any updates as they happen. I feel comfortable that I am getting excellent advice and accurate information.