Suffering a disability is like being dealt a bad hand of
cards. A person can never predict the
situation until it happens.
Paycheck protection against disability is like being able to
choose the hand of cards you want. The
choice will win the game.
Many consumers will naturally choose based on lowest price
alone. This can create many pitfalls in
the event of a disability.
1). Will the benefit be enough to
pay the bills?
2). Will the definition force the
client to work in a different job while disabled?
3). Will the attractively low
premium increase to something unmanageable over time?
Other consumers may be so concerned with having the benefit
start as early as possible, that they may inadvertently buy a product that will
not meet needs during a disability. That
short elimination period may require a very brief benefit period, or reduced
benefit amount to be affordable.
__________
At Disability Insurance Services we will strategize income
protection solutions not just on occupational information, but for your
client’s personal situation! Needs can
vary between two attorneys the same age based on private employment,
self-employment, or public employment.
Our solutions will:
1). Balance the elimination period to create an affordable
and useful benefit period.
2). Affordably price a monthly benefit with features that
your client truly needs.
3). Avoid expensive features that may not benefit your
client due to age.
4). Get the right definition to the right client to maximize
protection without inflating premiums.
No comments:
Post a Comment