How Are Disability Premiums Determined? Why Are Disability Insurance Discounts So Important?

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Disability Insurance can be very expensive. Rates are based on several factors: ·         Gender. Women pay approximately 40% more in premiums than men. ·         Occupation.  Higher risk occupations will pay more in premiums. For instance, a surgeon is considered higher risk than a pediatrician. The most favorable occupations in terms of risk include attorneys, CPAs, architects and engineers. ·         Benefit …

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Disability Insurance for Hospitalists

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As a hospitalist,   it is important to protect your future earnings.  When shopping for a disability policy, it is important to find a policy that will cover you if you are too sick or injured to work as a hospitalist.  This is referred to as own occupation or specialty specific definition of disability. Different companies have different titles for these definitions …

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I’m finishing my medical residency. When should I purchase disability insurance?

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Spring has finally sprung! For medical residents and fellows finishing their medical residencies, Spring is a time of transition and change. When it comes to disability insurance, many wonder when is the most opportune time to purchase their policy.  Here is a guide to help answer your questions: 1)       If you know the details of your new position, now can …

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Insolvency Looms as States Drain U.S. Disability Fund

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As seen in The Wall Street Journal March 22, 2011 By DAMIAN PALETTA CAGUAS, Puerto Rico—This mountainside town is home to a picturesque cathedral, a tobacco museum and a Wal-Mart Supercenter. Another defining feature: Caguas’s 00725 zip code has more people who receive a disability check than any other in the U.S. Puerto Rico has emerged in recent years as …

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How To Reduce Your Chances of Becoming Disabled

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An ounce of prevention, the old saying goes, is worth a pound of cure. That’s certainly true about disability. You can immediately reduce your odds of becoming disabled by making a few commonsense improvements in the way you live. Embrace a healthy lifestyle Oh, you’ve heard this one before? It’s still true. Shedding bad habits and adopting healthier ones creates …

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