Insurance Info

If you are a female professional that is in the market for Long Term Disability insurance, you probably have realized that disability coverage for women is fairly pricey. Due to a higher claims history with women, insurance companies usually charge 30-40% more for women than they do for men. As a female professional, it is important that you learn about the different ways that you can save on your premiums without having to sacrifice the benefits.

Most people looking for individual Disability insurance will do so either because they are self-employed or because their employer does not provide coverage for them. Whether you are a female business owner or a female professional working for a small, medium or large business, you could qualify for significant savings on your Disability insurance premiums. The following are two techniques we often use for our clients. Continue reading ‘Save Money on Disability Insurance Premiums As a Female Professional’ »

There are many policy riders that can be added to a Disability insurance contract. As a consumer, it is very important to understand which riders are necessary and which ones are not. The quality of your coverage and likelihood of it paying you could very well depend on which riders you choose. The following is one rider that you should keep in high regard when purchasing Disability insurance:

Residual Disability

One of the most important riders that should be included on every Disability insurance policy is the Residual Disability rider. This rider expands the definition of disability in a contract, to include partial disabilities. Although the terms of this rider will vary with each contract, the concept will remain the same – A proportionate benefit will be paid if your earnings are reduced by at least 15-20% of your prior earnings due to an injury or illness. Continue reading ‘Importance of the Residual Disability Rider’ »