[…] I was in high school. They’ve got a great web site with a wealth of resources, including a few hundred blog posts in the eight-year archive, including numerous client ..read more

As of January 1, 2021, Principal will no longer offer unisex, discounted rates on new disability insurance policies. Unisex discounted rates significantly reduce the premiums for women since women pay more than their male counterparts for disability insurance. HOWEVER, Principal will still offer significant discounts for both men and women. As such, they will still have competitive pricing on new policies through our office. What does this mean to you? EXISTING CLIENTS If you already have a unisex, discounted policy with Principal, the new rates will have NO impact on your ..read more

Does disability insurance cover coronavirus? If you’re applying for disability insurance, a global health crisis such as coronavirus can have consequences for your policy. But if you’re already covered, your policy will cover you the same as any other illness. You must satisfy your elimination period, typically 90 days and you must be unable to work due to a sickness or injury. Does life insurance cover coronavirus? If you’re applying for life insurance, a global health crisis such as coronavirus can have consequences for your policy. But if you’re already covered, your family will be paid out ..read more

When you purchase a life or disability insurance policy, your policy will automatically have a clause called the period of incontestability. This clause causes a lot of confusion.  The clause states that if you have a claim in the first two years of the policy, the company has the right to rescind the contract. Does that mean you are not covered the first two years?! No! Absolutely not! What it means is that if you have a claim in the first years of the policy, the company will automatically re-underwrite your file to see if there was any fraud involved. If you did not properly disclose someth ..read more

Jamie Fleischner, President of Set for Life Insurance was recently featured in Insurance News Magazine. Congratulations! The article can be read here: http://www.insurancenewsnetmagazine.com/article/dr-insurance-3650#.XK95KJhKhnK The post Jamie Fleischner Featured In Insurance Magazine appeared first on Set for Life ..read more

Disability insurance claims Recently a potential client contacted me and asked me if I could help assist them in the future if they encountered a disability insurance claim. I explained to them how it worked. Brokers can listen to their clients and direct them to the company to initiate a claim. However, a broker is not actively involved in the claims process. The potential client told me that another broker told them that they are “the best in assisting clients with claims and you should buy from us!” This is completely false. Brokers do not make claims decisions nor can they influence a comp ..read more

Disability insurance can be the most difficult type of insurance to acquire. This is directly related to the fact that there is a 1 in 3 chance that people will be come disabled and can’t work at some point in their career. Furthermore, disability insurance policies require you go through the underwriting process once and not at a later time. As a result, underwriting standards can be tough. According to LIMRA, only 60% of policies submitted to underwriting are approved as applied. The other 40% are either declined, rated or come back with some type of exclusion. Common exclusions include: Men ..read more

People often ask if they can obtain individual disability insurance if they are pregnant. The answer is YES! Here are a few things to keep in mind: Some companies may not offer coverage if you are in your 3rd trimester. If you apply while in you 3rd trimester, you may need to put your application on hold and resume the process after you have given birth. If you apply in your first or second trimester, most companies will be able to offer coverage but will most likely add a pregnancy exclusion on the policy. If your policy comes back with an exclusion, you can request for the exclusion to be re ..read more

By Dr. X, client of Set for Life Insurance. I wish to remain anonymous as I write this as it is a very personal story. However, I thought it was important to share with others as I may be able to help others through what I experienced. My life seemed to take a pretty normal path. After I graduated from undergrad I went to med school, residency and moved back to my hometown. I married a fellow physician I met in residency and we settled down. We bought a house, had twin babies and life was busy and full. I purchased a large life insurance policy to protect my family. A few years later, the stre ..read more

When you apply for disability insurance, they discern your risk of having a claim. If you are considered overweight, you may receive a rating, an additional premium assessed to your policy. Here is a scale showing the height weight chart. keep in mind that companies vary slightly but this is a good guideline. HEIGHT AND WEIGHT GUIDELINES FOR LIFE AND DISABILITY INSURANCE   Height/Weight Chart MALE Height Preferred Plus Pref NT & Pref T Standard Plus Std NT Std T Feet In Low High Low High Low High 4 8 83 126 82 137 81 150 >150 ..read more