Time for a Semi-Annual Check Up

Can you believe it? It seems like just yesterday we were watching the ball drop on New Year's Eve and now it's almost Labor Day!

Being that we are over half way through this year, have you had your disability insurance policy reviewed recently?

In most cases, this review does not mean you need to get rid of your current policy. Many older physician insurance policies were written with liberal provisions benefiting the policyholder, such as: higher benefit amounts, strong definitions of disability, and guaranteed premiums. In these cases, a review based on your current life situation may just highlight a need for more coverage.

In some cases, a review could be a little more eye-opening, and reveal weak definitions of disability or increasing premiums. It may be beneficial in these situations to get stronger protection.

Before the rest of the year slips away from us, contact us today so we may perform a comprehensive "check-up" of your insurance policies.

We are here to help.

"I hope My Agent Sold Me Disability Insurance!"

We received an email from the wife of a surgeon whom I spoke with years ago. She was hoping her husband had some physician disability insurance with us -- some insurance they could use now because he is becoming disabled. She didn't relay the details of his disability, but it is too late for them anyway. We didn't have good news for her.

Years earlier, her husband told us that he was happy with his disability insurance. He wasn't interested in having us evaluate his policy and tell him how it compared with the high-quality, guaranteed-renewable, non-cancelable disability insurance we were offering.

After our email conversation with the surgeon's wife, it dawned that we have had this conversation multiple times over the years. Doctors or their spouses have called hoping they had bought disability insurance, even though they knew they didn't. When a disability occurred, they hoped against all odds that maybe they didn't really tell us "no" years ago, and somehow they bought a policy they tucked away somewhere and can't remember.

At the time we originally spoke with the surgeon all those years ago, he had a small amount of very low quality disability coverage through an association. We tried to tell him it was not adequate, but he was banking on the odds of a disability never happening to him. Unfortunately, the odds were not in his favor.

Please don't just "hope" you have disability insurance. We can offer a review of your policy and can make sure you're adequately protected, so if you call us again years from now, we can say, "yes!".

Contact us today to see how we can help.

By: Cheryl Eberting, RHU