Who Needs Disability Insurance?
If you are dependent on your income, you are a candidate for disability insurance. At Set for Life Insurance, we focus on helping working professionals ranging from accountants to zoologists, and everyone in between.
Considering Disability Insurance? Consider the Facts.
Your most valuable asset is your ability to bring in an income. For a working professional like yourself, your future income is your payoff for all of your years of hard work and accumulated debt.
You may be eligible for a group rate or discounts. Depending on the company, you may be able to set up discounts if 2 or 3 people apply for a policy from the same employer.
If you have student loans, they do not go away if you become disabled, so protect your future by requesting a disability insurance quote.
If you work for a large group or practice, you may be offered a group policy. Group policies typically offer a limited monthly benefit (60 percent of your income to a maximum of $10,000 or $15,000/month). Group policies can’t discriminate – they must offer coverage to everyone in the group. Consequently, they often lack the important provisions of a personal policy.
Even if you have a group policy, it is still important to consider supplementing with an individual policy. Having an individual policy protects your insurability by purchasing increase options. If your health changes, you may still purchase more coverage in the future based only on financial underwriting.
Disability Insurance Premiums
If you are concerned about paying for your disability insurance while getting established, there are several things we can do to reduce your premium as much as possible.
- Look for discounts available.
Set for Life Insurance has discounts set up at companies and hospitals throughout the country. This can save you between 15 to 55% on your premiums (depending on gender and occupation). If discounts are not yet set up at your place of employment, contact Set for Life to help implement the discounted rates.
- Consider a “graded” or increasing premium.
This is initially less expensive and your premium will increase each year. If you wish to lock it in at a later time, you may do so on any policy anniversary.
- Add increase options.
You may choose to simply supplement what your group policy already offers and load up your policy with increase options. This will allow you to keep your premium low now and still reserve the right to increase it in the future without any underwriting.
Get Disability Insurance by requesting a free quote today!
We Specialize in Disability Insurance for the Following Professionals
- Business Owners
- Certified Registered Nurse Anesthetists
- Medical Residents and Fellows
- Physicians and Other Medical Professionals
“I thought I would always be able to work no matter what happened to me as long as my brain was intact. However, after my first cancer treatment, I could no longer work at the same capacity. So glad my income was protected!” said Krishna P., Palo Alto, CA.
Request a quote from Set for Life Insurance today!