Some
of the questions we're most
often asked about disability
insurance
Q.
Why do I need disability
coverage?
A. Disability
insurance to provides
tax-free monthly benefits
to you, your family and
your business. The right
coverage provides the
monthly income you need
to protect your family
and business when you
cannot work in your specialty
due to an injury or illness.
Q.
What is Own Specialty
coverage?
A. “Own
Specialty” is the
tightest definition for
coverage in the marketplace.
It’s the best means
to protect you and prevent
insurance companies from
paying your claim. “Own
“Specialty”
supersedes “Own Occupation”
coverage, in that if you’re
an MD or DO, that is your
occupation. Your specialty
is the type of medicine
your practice. You want
coverage to protect you
in case you’re no
longer able to practice
your specialty
Q.
How much disability insurance
coverage do I need?
A. Many
representatives or agents
will tell you to buy all
you can afford. That answer
is typically a commission-driven
recommendation. We recommend
that you buy the amount
of coverage you need to
take care of your household
living expenses with a
future purchase option
to increase your contract
if and when your financial
needs change.
Q.
How much does disability
insurance cost?
A. The cost is dependent
on age, gender, medical
specialty, state of residency,
place of employment and
medical history. Give
us a call or e-mail us
for a custom price quote
Q.
When is the best time
to purchase a personal
disability contract?
A. Contracts
are age, gender, medical
specialty, state-of-residency,
and state-of-health specific,
so the longer you wait
the more expensive they
become. In addition, if,
in the future, you work
for an employer or group
practice that has its
own coverage, you could
be precluded from purchasing
your own personal policy
Q.
How long does it take
to get a quote and then
a policy if I want to
move forward?
A. M.D. Disability Insurance
Services provides free
quotes in 24 hours or
less. Once you’re
ready to apply for coverage,
it typically takes between
three to eight weeks for
a policy to be received
and implemented. The sooner
a Para-Med Exam is taken,
an Attending Physician
Statement is secured and
income-verification documents
are provided, the more
timely your coverage can
go into effect.
Q.
Can I qualify for coverage
based on a less-than-perfect
medical history?
A. The answer here depends
on both your history and
your present health status.
If there are extenuating
circumstances, a brief
but complete description
of the issue, including
treatments, medications,
duration and present condition,
is very helpful. There
are carriers that will
provide coverage for such
pre-existing conditions
as diabetes or depression.
It’s important that
you come to us first in
that if you are previously
declined for a pre-existing
condition it makes it
more difficult to provide
you a variety of coverage
choices.
Q.
Why is there so much bad
information about disability
insurance from other representatives
and agents?
A. It’s
surprising and disappointing
to learn how many representatives
either never read the
contracts they provide
their clients or are simply
looking out for their
own interests first. Most
agents know surprisingly
little about the products
they sell, doing very
little research on behalf
of their clients. In addition,
many representatives are
driven by company quotes,
thus running the risk
of placing their clients
into contracts which may
be easy to sell, but are
not exactly right for
the situation.
Q.
What other products and
services does M.D. Disability
Insurance Services offer?
A. We work in all areas of:
•
disability
insurance
•
business-overhead
insurance
•
long-term-care
insurance
•
term
life insurance
•
whole
life insurance
•
high-deduction
retirement plans
(typically $100,000
or greater annual
contributions)
•
If
you have further
questions call
or e-mail us
today.
withScott
Nelson-Archer
Seeking
Solutions
We
know the questions
to ask to ensure our
clients get the coverage
that’s most appropriate
for their unique situation.
We’ll dig deep
to protect you. PLAY
VIDEO
with
Gary Baird
Thinking
Outside The Box
Regardless
of your circumstances
or what you may have
experienced from other
agents in the past,
we’ll work hard
to get the job done
for you. PLAY
VIDEO
