Disability Insurance Saving Your Age

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What happens when you apply for an individual disability insurance policy right around your birthday? Disability insurance rates are based on your actual age and change on your birthday. If you are approved on or before your birthday, you can lock in your rate based on that age. If you are approved soon after your birthday, you may request to …

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Disability Insurance Discounts | What’s the Difference?

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When it comes to disability insurance discounts, there are a wide variety of differences. It is important to work with an experienced broker who not only has access to these discounts but can help you navigate the differences: 1) Association discounts. These are typically available to members of an association for individual disability insurance policies. If you purchase the policy …

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Disability Insurance for Physicians | When Advice Conflicts

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Today I had a client contact me concerned about advice she recently received. She had purchased an own occupation policy with Set for Life Insurance, was approved and placed the policy in force. Shortly thereafter, she was approached by a local agent who picked apart the policy she purchased and told her she was mistaken. His policy was SO much …

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Disability Insurance | Graded vs. Level Premiums

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When purchasing an individual disability insurance policy, one of the decisions to make is how to pay the premiums. Assuming your policy is noncancelable, guaranteed renewable, the company can never increase your rates. All companies offer an option where the premium is fixed for the duration of the benefit period. For example, if you have a policy that pays benefits …

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Does High Cholesterol Effect Rates for Disability Insurance?

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When applying for disability insurance, you must undergo a medical underwriting process which requires you to disclose your medical history and to take a paramedical exam (blood and urine). How does high cholesterol effect rates for disability insurance. Typically, high cholesterol does not have a great impact on disability insurance rates unless it is very significant. Even if you are …

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