Physician Disability Insurance: Why the Premium Disparity?

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Physician Disability Insurance—Why the Premium Disparity? Sometimes shopping for physician individual disability insurance can be confusing when comparing individual disability insurance policies from multiple companies. This is especially confusing when you receive disability quotes with radically different premiums. Why the premium difference? 1)      First check your quotes for the correct occupational class. If the quote is radically different in price, …

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Why disability insurance premiums can vary

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When shopping for disability insurance and comparing quotes, sometimes it seems that the premiums can vary greatly. Oftentimes, people ask: Am I missing something? Here are some of the reasons that disability insurance premiums on individual disability policies can vary greatly from company to company: 1)      Favorable Occupational Class. Occupations are classified into an occupational class by companies that will …

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How Your New Year’s Resolutions May Help You To Reduce Your Life and Disability Insurance Premiums in 2011

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Happy New Year! Topping the list of New Year’s Resolutions is typically weight loss and smoking cessation. In addition to the health benefits to these changes, they may help you save money on your life and disability insurance premiums, too. 1) Quit Smoking. Smokers pay approximately 30-40% more on their life and disability insurance premiums. If you currently have a …

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Disability Insurance Discounts for Consultants

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Disability insuranace can be very expensive for consultants. For men, expect to pay approximately 1-3% of your income on premiums. For women, expect to pay 2-4%. The best way to reduce your premiums is to look for discounts without compromising benefits on your policy. If you are not currently eligible for discounts already in place, you may be able to …

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