Disability Insurance | Choosing an Elimination Period

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When structuring your individual disability insurance policy, one of the main factors affecting your premium is choosing the elimination period. The elimination period is the amount of time that must elapse from the date of injury or diagnosis until the policy starts to pay benefits. Most individual disability policies are designed to be long term disability policies. Therefore, their elimination …

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Disability Insurance for Entrepreneurs

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When people are shopping around for disability insurance, typically they classify themselves with a specific occupation. But what if you are an entreprenuer? Applying as an entrepreneuer can be a lot more tricky. Companies like to check a box such as an accountant, attorney, executive, etc… Here are some tips for entrepreneurs looking to protect their income with disability insurance: …

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Physician Disability Insurance Rate Changes

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Recently companies have made changes in the physician marketplace when it comes to pricing physician disability insurance. Based on claims history, some companies have reassessed how they classify certain specialties. By upgrading some specialties, they have reduced their pricing. Here are some of the medical specialties who have benefited from this recent change: Surgeons (except oral and orthopedic) Family Practice …

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Disability Insurance | Paying Your Initial Premium

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When you purchase an individual disability insurance policy, you have two options when it comes to paying your initial premium: 1) COD Cash on Delivery. With this option, you do not pay any premium with the application. Once the policy is issued, you pay your premium at that time. No coverage is in force until you pay that initial premium. …

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