What Happens To My Disability Policy If I Change Occupations or Medical Specialties?

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According to the US Department of Labor, the average person changes careers 5 times during their lifetime. So what happens to your disability policy when you change occupations or medical specialties?   When you purchase an individual disability insurance policy, the premium is priced based on your risk classification, including your occupation. Some occupations are deemed riskier than others. For instance, …

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Disability Insurance Specifically Designed to Cover Business Loans

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Starting a business can be an arduous process. One of the most important steps is to secure financing. To ensure you can still pay your payments if you become disabled, some banks require a disability insurance policy to secure the loan. There are policies designed specifically for this need. Take for example Dr. Jane Dentist. She is purchasing a dental …

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The 2010 Council for Disability Awareness Long Term Disability Claims Review

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Since 2005, the Council for Disability Awareness (CDA) has conducted a proprietary annual review of long-term disability claims among the U.S. working population. The purpose is to identify continuing or emerging trends, and to share them with interested audiences. The 2010 CDA Long-Term Disability Claims Review summarizes quantitative and qualitative long-term disability insurance claims data from the annual CDA member …

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Should I Consider Student Loan Disability Insurance?

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Individual disability insurance is designed to protect your paycheck if you become too sick or injured to work. The payments are intended to help pay monthly bills. For a lot of professionals, a large portion of their bills include student loan payments. In fact, on average, physicians begin their careers with $140,000 of debt according to a 2008 survey by …

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