GRADED – this means your premiums will adjust each year and eventually your plan will surpass the savings and start costing you more. Have the broker show you what year this will happen. **You want to think about whether or not you could be financially independent by this time. If not and the costs are higher, you may be better off with starting with a rate lock from the beginning.**
Before you purchase your plan, you should have answers to these questions:
💭How to collect income while disabled
💭How to obtain a portable plan as you move through practice
💭How to get your rates to renew each year as you age
💭How to protect yourself against future underwriting
💭How to guarantee no offsets if you have other income sources
General Overview of Own Occupation Contracts: What is Own Occupation? Mini Video
When should you buy this plan? When Should You Buy? Mini Video
Who should you buy these plans from? Who to Buy Own Occupation From? Mini Video
Select your Contract Type: What Type of Contract is best for You? Mini Video
Please let us know if you have specific questions on these elements and/or would like a review of your current plan. 🕛 To schedule your consultation, please click here: https://mddisabilityquotes.com/schedule-a-meeting
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🚀 Tools and resources we recommend:
⚡️FREE Physician Resources: https://mddisabilityquotes.com/resources-to-download
⚡️FREE Physician’s Guide to Disability Insurance: https://mddisabilityquotes.com/physicians-guide
⚡️How Future Purchase Options Work: https://mddisabilityquotes.com/future-purchase-option
***🔅 Let’s connect at Instagram for more education and business strategies on how to build your personal risk management process @md_disability & @amberstitt_ ***
👍🏽Recommended Resources for specific specialties:
☑️Resources for Dentists: https://mddisabilityquotes.com/dentists
☑️Resources for Federal Employees: https://mddisabilityquotes.com/federal-employees
☑️Resources for Females: https://mddisabilityquotes.com/females
☑️Resources for Residents and Fellows: https://mddisabilityquotes.com/mds-and-dos-resident-limits
☑️Resources for Optometrists: https://mddisabilityquotes.com/optometrists
☑️ Resources for Podiatrists: https://mddisabilityquotes.com/podiatrists
☑️Resources for Veterinarians: https://mddisabilityquotes.com/veterinarian
☑️Resources for Physicians in the Military: https://mddisabilityquotes.com/physicians-in-the-military
Videos for frequently asked questions:
💡 WHAT IS OWN SPECIALTY True Own Specialty Disability Insurance Explained: Why Definitions of Disability Matter
💡 HOW FUTURE PURCHASE OPTIONS WORK Future Purchase Options vs. Benefit Update Riders: Grow Your Physician Disability Insurance Coverage
💡 DO I NEED COLA? Do you Need Cost of Living Adjustment (COLA) Rider?
💡 THE UNDERWRITING PROCESS The Underwriting Process
💡 GROUP VS. PRIVATE INSURANCE Group or Association Plans vs. Private Individual Disability Income
💡 COMPLIMENTARY FEATURES INCLUDED Ancillary Features (Extra Perks)
Thank you so much for stopping by today!