Future Increase Rider of Physician Disability Insurance

The Future Increase Rider of Physician Disability Insurance allows you to lock in potential benefit increases for the future, regardless of any health issues that may arise or avocation changes. The future increase option only takes into account current financial status at the time when you want more coverage, and your health at the time when you originally purchased the policy. It is a way of guaranteeing future insurability.

For some information on other Physician disability insurance riders, or to get a quote for your own physician disability insurance plan, visit: http://mddisabilityquotes.com/blog/doctor-disability-exclusion-riders-explained/

What You Will Learn:

• What a Future Increase Option (FIO) Rider is

• Other names for this rider, including Future Purchase Option (FPO) and Benefit Update Rider

• How an FIO protects your future insurability

• Why physicians should purchase disability insurance while they’re healthy

• How future income growth affects disability insurance coverage

• Why new medical conditions generally won’t affect future increases

• How lifestyle and avocation changes are treated after your policy is issued

• Why many disability insurance professionals consider the FIO one of the most valuable policy riders

Chapters:

0:00 Introduction to the Future Increase Option Rider

0:14 What Is an FIO, FPO, or Benefit Update Rider?

0:33 How Future Increases Work Without New Medical Underwriting

1:03 Why Locking In Your Health Matters

1:32 What Happens If Your Health Changes Later?

1:46 How New Hobbies and Lifestyle Changes Are Treated

2:09 Why Future Insurability Is So Valuable