Who’s Got Your Back?
The 7 secrets to purchasing the best Disability Insurance
for medical professionals…
by Julie A. Reenders, CLTC
This is an important question most medical professionals should be asking themselves. It’s easy to buy disability insurance (DI) when you are starting your career and to continue paying the premiums every year. It’s even more convenient to letour employer provide your DI coverage and never look at it closely to see if it provides enough income protection for you and your family. Then when you need your I you find a gap down the back. When is the last time you rviewed your DI? Is it protecting what matters most to you?
The 7 Secrets to purchasing the best DI:
1. The Insurance Agent is more important than the product.
2. Understand the definition of “total disability”.
3. Aim for a non-cancelable contract.
4. Buy residual or partial disability coverage.
5. Get the appropriate riders.
6. Compare the built in benefits.
7. Make sure the insurance company is financially sound.
Secret #1: Your agent is more important than the product
The first secret is that your Insurance agent is more important that the product. An experienced DI agent will save you from making the following mistakes:
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