The First Step is to Develop a Plan!
Notice we didn’t say buy a policy! A disability insurance policy is a significant part of your plan, but there is more. MyDisabilityPlans.com believes you need to consider the other aspects of income protection planning as part of this process. You need to understand the various types of disability and how they may impact you, your family and your career. Visit the Disability Planning University to learn more!
Consider What You May Already Have
Are you employed with a company or professional practice that provides or offers disability insurance as part of your benefit package? Many residents of Wisconsin have these types of policies, but they don’t understand them and they don’t consider if they are sufficient. A Wall Street Journal article published in November of 2011 speaks to this issue,
MyDisabilityPlans.com will help you analyze your benefits! We will review your existing plan documents and explain what you have. If you decide you need more comprehensive disability insurance protection, we will guide you through the process and help you select the policy and insurance company right for you.
Understand the Impact of Underwriting
Insurance companies engage in a process of risk assessment called “underwriting”. This process is nothing to fear, unless you go into it without expert assistance. MyDisabilityPlans.com expert advisors understand the underwriting process and we will make sure you choose the best insurance carrier for your unique situation.
Underwriting for disability insurance is based on morbidity, which is the liklihood that any medical or occupational exposures may put you at a higher risk of disability than someone else who doesn’t share those same unique circumstances. It is critical that you explore these morbidity issues prior to applying for any type of disability insurance. We understand this and that is why we developed The 7 Steps to Disability Planning Success™.
Design Your Plan and Purchase Your Policy With the Help of Experts
Don’t fall for the “quick and easy” hype. A solid plan that will perform for you, your family and your business doesn’t just happen with the click of a button. It takes some effort and commitment, not only from you but from your disability planning advisor. Stop waiting and get a great plan today from MyDisabilityPlans.com.
