Disability Insurance Premiums: Which Payment Method is Best?

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When you purchase an individual disability insurance policy, you may choose to pay monthly, quarterly, semi-annually or annually. Take a close look at the options to determine what is best for you. Most companies require monthly premiums be paid from an automated bank draft method. Some companies will discount the premium if you pay annually. This can save you from …

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Disability Insurance–Should I Save Age?

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When you apply for an individual disability insurance policy, the premium is based on your actual age (as opposed to life insurance that ages you on your 1/2 birthday). What happens if you apply for a policy close to your birthday? If you apply for coverage and it is approved within 60 days (depending on the company) of your birthday, …

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Disability Insurance Advice for Graduating Medical Residents

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Disability insurance for graduating medical residents: It’s the home stretch where graduating medical residents are finishing their training, moving, and shopping for disability insurance. You are about to make the transition from training to attending and one of the first things that comes to mind is: How can I protect my new income? What is the best way to approach disability …

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Disability Insurance Discounts for Graduating Medical Residents

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Medical Resident Disability Insurance for Graduating Residents It’s that time of year when medical residents are finishing their training and graduating. With this in mind, when is the optimal time to purchase an individual disability insurance policy? A lot depends on your current and soon to be future situation. As a graduating medical resident, consider the following when it comes …

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