Disability insurance policies provide meaningful coverage, but your policy will not cover every single case of disability. When you apply for a policy, there may be specific limitations or exclusions. Insurance carriers do this to reduce risk. This will protect…
If you can’t work, how will you pay your bills and plan for retirement? Disability insurance is protection for your paycheck. Which insurance company do you choose? There are a variety of factors that determine the quality of a disability…
The cost of an individual disability policy can vary greatly depending on your age, health, gender, occupation, benefit period, benefit amount, waiting period, and policy riders. A general rule is that it will cost between 1 and 3% of…
Disability insurance protects your income when you can’t work due to illness or injury. Many people will try to rely on workers’ compensation or government benefits programs for protection, but the reality is that workers’ compensation is limited to…
If you’re a medical professional like a resident, doctor, dentist, veterinarian, physician assistant, or nurse practitioner, disability insurance is one of the most important components of your financial security because your career relies on your ability to perform your job…
The way an insurance company defines a disability is SUPER important when buying a disability insurance policy. The 3 most common disability definitions are any occupation, modified own occupation, and own occupation. 3 Common Disability Definitions 1. Any Occupation “Any…
You’ve spent countless hours and probably a good bit of money building and growing your small business. What would happen if you or a key person in your business became disabled? How would that affect your business? It probably wouldn’t…