disability insurance

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

Ameritas' COBRA Premium Benefit

Disability insurance carrier, Ameritas, has a built-in provision called the COBRA Premium benefit.

How It Works

If, you become unemployed due to a disability and, as a result, you are paying COBRA medical coverage premiums, Ameritas will reimburse you for those premiums up to $1,000 a month, beginning with the first premium due after you satisfy the elimination period of this policy but not to exceed 18 months. This benefit is paid to you in addition to your monthly disability benefit.

Reimbursement is also available if continuing your employer-group medical plan under the provisions of a state continuation plan. Ameritas will not pay more than 100% of the COBRA premium expense incurred monthly, under all policies.

This is just another way Ameritas is looking out for their policyholders and their premium dollars.

To learn more about this benefit, please contact us today.                       

Benefit Tip: The Good Health Benefit on your Physician Disability Insurance

A number of auto insurance companies will reward their customers’ safe driving behaviors by providing a premium reduction or perhaps an added benefit to their policy.

Likewise with Disability insurance, Ameritas has a built-in provision called the Good Health Benefit.

How It Works

For every consecutive policy year you complete without receiving any benefits under the policy, Ameritas will reduce the elimination period by two days. The elimination period is the number of days a person needs to be disabled in order to begin receiving benefits. In no case will the elimination period be reduced to less than 30 days.

This time adds up, and could make a huge difference if you ever do need to file a claim. Each policy treats the details of this benefit a little differently, so it's important to understand what you have.

To find out more about this provision, Contact us today.

The Essentials of Disability Insurance: 10 Simple Tips from MetLife

1. If you or others depend on your income—you need it.

If you have people who depend on your income – or if you depend on your income – you need disability insurance. You might be surprised to learn that social security disability benefits are not available if you are expected to be out of work for less than a year. One year without income could deplete your savings and have a significant impact on your finances.

2. Disability insurance replaces a portion of your income when you can’t work.

If you were unable to work due to illness or injury, disability can help to pay your most essential expenses, including food, utilities, school tuition, and home and car payments.

3. Most long-term absences are due to illnesses, not accidents.

While many people think that disabilities are typically caused by accidents, the majority of long-term absences are actually due to illness.

4. You need it even if you’re young and healthy.

Almost 1 in 4 of today’s 20 year-olds will become disabled before reaching age 67. What’s more, it’s easier and less expensive to get disability insurance when you’re young and healthy.

5. The risk of a disability during your working years may be greater than you think.

The risk of suffering a disabling illness or injury may be more likely than you realize. In fact, the average 20 year-old is more likely to become disabled than to die before age 67. Disability insurance helps you maintain a steady stream of income when you can’t work due to illness or injury.

6. A good rule of thumb is to protect 60-80% of your after-tax income.

You will need to meet your essential living expenses if you should become disabled. 72% of consumer expenditures cover essential needs like housing, food, transportation, health care and education. This easy-to-use Disability Needs Calculator can help determine what amount of disability insurance is most appropriate for your situation.

7. Some disability insurance is better than no disability insurance.

When budgets are especially tight, it still makes sense to buy enough disability insurance to cover rent or mortgage payments and keep your family in their home should you become disabled. Disability insurance is more affordable than you may think. For example, a healthy 35 year-old male may obtain a $1,000 monthly benefit for an initial premium of approximately $25 per month.

8. Make sure you know how much disability insurance you get at work.

Check to see if disability coverage is made available to you through your employee benefits package. You might want to look carefully at coverage, however, since group benefits alone may not be enough due to potential benefit limitations and types of income covered.

9. The financial strength and reputation of the company you buy from matters.

When you purchase disability insurance, the company you buy from is making a long-term commitment to you. If you become disabled, there is a chance you will receive benefits for an extended period of time, so it makes sense to buy from a company with experience, financial strength and a solid reputation.

10. There is no substitute for good advice.

Seek advice on how much insurance is right for your needs. Talk to a trained financial profession or perform research online. Whichever approach works for you, taking action to protect you and your family with disability insurance is an important part of a strong financial plan.

To learn more about how we can help with your disability insurance needs, please contact us today.

Like most disability income insurance policies, MetLife’s policies contain certain exclusions, waiting periods, reductions, limitations and terms for keeping them in force. Ask your representative about costs and complete details. For policies issued in New York: These policies provide disability income insurance only. They do NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services. The expected benefit ratio for these policies is at least 50%. This ratio is the portion of future premiums that MetLife expects to return as benefits when averaged over all people with the applicable policy.

Should You Add the Catastrophic Disability Benefit Rider?

Some illnesses and injuries can be more severe than others, and therefore can lead to more devastating consequences. For a low-cost premium, you can further protect your income by adding the Catastrophic Disability Benefit Rider to your policy. This benefit would pay in addition to your base monthly benefit coverage.

Dependent on the state and insurance carrier, there are two ways this Rider is defined.

The first definition is as follows:  Catastrophically disabled means you are unable to perform two or more activities of daily living without stand-by assistance; or you require substantial supervision due to severe cognitive impairment. Activities of daily living are: dressing, toileting, transferring, continence, eating, and bathing. Benefits continue as long as you remain catastrophically disabled or to the end of the Catastrophic Maximum Benefit Period, if sooner.

The second definition is as follows:  Catastrophic Disability and Catastrophically disabled means that, solely due to a sickness or injury, you sustain the permanent loss of use for any and every purpose or activity of the sight in both eyes; or the hearing in both ears; or speech; or the use of both hands; or the use of both feet; or the use of one hand and one foot; or you require substantial supervision due to severe cognitive impairment.

Benefits continue as long as you remain catastrophically disabled or to the end of the Catastrophic Maximum Benefit Period, if sooner.  So not only would you start to receive your base monthly benefit at the time of a claim, you would also start receiving the additional funds from the Catastrophic Disability Benefit Rider as well. When you’re catastrophically disabled, money is one of the last things you’ll want to think of but unfortunately, will probably be one of first things that cross your mind. Adding this Rider to your policy may help give yourself some additional peace of mind.

To learn more about this Rider, please contact us today.

Announcing: Disability Insurance Premium Reductions with Ameritas

Ameritas has some great news to share. Effective November 6, 2015, in approved states, female rates have been reduced by 10% on their DInamic Foundation Noncancelable and Guaranteed Renewable and Guaranteed Renewable disability income contracts for occupation classes, 6M-4M. 

This rate reduction applies to the following Medical Occupations:  

  • Allergists

  • Genetic Physicians

  • Internists/Internal Medicine Physicians

  • Oncologists (excluding Surgical Oncologists)

  • Radiologists (excluding Vascular/Interventional Radiologists)

  • Endocrinologists

  • Hematologists

  • Nephrologists

  • Pediatricians

  • Rheumatologists

  • Family/General Practice Physicians

  • Hemoncologists

  • Neurologists

  • Psychiatrists/Psychologists (PhD) 

    Don’t miss out on these discounted rates. Protect your income and save money while doing so with these lower-priced Disability insurance premiums through Ameritas today. 

Contact us today to learn more.

Announcing a New Discount available for HTPN Physicians on their Disability Insurance

If you are a HTPN physician, I have some great news for your disability insurance! You may be eligible to receive deeply discounted Disability insurance premiums by utilizing the "Unisex-rated" policy.

Some Highlights of a “Unisex – rated” policy:

  • Each policy provides a true, own occupation/specialty definition of disability and the premiums are all fixed and guaranteed level to age 65, 67, or 70.

  • This is not a “one size fits all” policy. Rather, each doctor can customize their own disability insurance policy to meet their own unique needs; literally every one of the doctors can have a different plan.

  • The discount is permanent, and the policy goes with the doctor if they leave the practice. This puts the doctor in complete control of their disability insurance benefits.

  • Underwriting concessions are available when you purchase your policy through a larger group, so any doctors with a medical/health concern can still apply and usually receive favorable underwriting outcome.

  • We can get benefits as high as $32,000/month, again depending on each doctor’s needs; every doctor can pick whatever monthly benefit meets their need.

  • The practice does not need to pay these premiums; each policy can be paid by each doctor out of their own personal checkbook, so very limited involvement or work for the practice manager.

How To qualify:

  • Three or more HTPN physicians need to “raise their hand” to participate in the disability insurance purchase

Just as HTPN probably uses its size to negotiate better reimbursements from insurance companies as well as lower malpractice premiums, you can use the same “strength in size” mentality to purchase your disability insurance.

Contact us today to learn more about this discount and others that may be available to you.

Women outlive men but suffer long years of disability

Reuters Health - Women may have a longer life expectancy than men, but they are spending more of their golden years living with disabilities, a U.S. study finds.

Researchers analyzed studies of people 65 and older enrolled in Medicare, the U.S. health program for the elderly. The studies asked how often disabilities kept people from fully participating in daily activities and then followed them over time to see how long they lived. They looked at data from 1982, 2004 and 2011.

Over that period, the age an average 65-year-old woman could expect to live to increased by two years, from 82.5 years to 85.5 years, the analysis found. Men don’t live as long, but they gained more years – five – expanding their life expectancy at age 65 to a further 19 years from 14 years.

But women shouldn’t necessarily celebrate getting those extra birthdays.

After age 65, women consistently spent an estimated 30 percent of their remaining years with a disability. Men, on the other hand, started out spending 22 percent of their remaining years after 65 disabled and saw that decrease to 19 percent by the end of the study.

It’s hard to say exactly why women may experience more years of disability, but some of this might be due to unequal progress in treating their health conditions or different shifts in gender lifestyle habits like smoking and exercise over time, said lead study author Vicki Freedman, of the Institute for Social Research at the University of Michigan in Ann Arbor.

“Older women also have fewer economic resources than men on average so they may not be as able to accommodate their declines in functioning when they do occur,” Freedman said by email.

“Whatever the reason, this is an important trend to continue to monitor as the large Baby Boom cohorts continue to reach old age,” Freedman added.

Disabilities might make it harder to complete daily activities like dressing, bathing, cooking, shopping or driving.

Severe disability – when people had trouble with at least three different activities – declined for both women and men over the study period, researchers report in the American Journal of Public Health.

In 1982, 13.2 percent of women and 10.7 percent of men experienced severe disability after age 65. By 2011, this dropped to about 10 percent of women and 7 percent of men.

One limitation of the study is its reliance on data from just three individual years, which made it impossible to explore how disability onset or recovery might influence life expectancy, the authors note. They also limited the analysis of disability to mobility and completion of daily activities, which excludes other impairments that can influence health and quality of life.

It’s possible, though, that the same heartiness that makes women live longer than men also contributes to their greater propensity toward disability in their later years, said Dr. James Kirkland, director of the Robert and Arlene Kogod Center on Aging at the Mayo Clinic.

“Women are biologically more hearty than men so instead of dying from a heart attack or something like that they recover, but they recover disabled,” said Kirkland, who wasn’t involved in the study.

Many women may also assume caretaker roles that leave less time for recreational, social, and self-fulfilling activities that might help keep disability at bay, noted Dr. Lili Lustig, a family medicine specialist with the Cleveland Clinic in Warrensville Heights, Ohio.

At the same time, some women may also lack the financial resources to stop working as they get older or to pay for services they need, particularly if they are poor, Lustig, who wasn’t involved in the study, added by email. They may also struggle to pay for basic needs like food, medicine and housing.

“Women are not prepared for the golden years,” Lustig said. “The idea of the idyllic retirement portrayed on TV does not exist.”

By Lisa Rapaport

SOURCE: bit.ly/1R8XwYb American Journal of Public Health, online March 17, 2016.

The Standard’s Compassionate Disability Benefit

As physicians who take care of others day in and day out, you understand more than anyone that injury and sickness are not discriminatory; it can happen to anyone at anytime. (One of the many reasons you know the value and vital need of owning a disability insurance policy.)

What if something adverse were to hit a little closer to home and affected your Loved One? Chances are you would cut back your working hours in order to help take care of them. Insurance carrier, The Standard recognizes this possibility and they have a built-in provision in their contracts called the Compassionate Disability Benefit. This means The Standard will pay a benefit while:

  • You are working at least 20% fewer hours in order to care for your Loved One while he or she has a Serious Health Condition which began after your Policy Effective Date and before the Termination Date; and

  • Your Monthly Earnings are at least 20% less than your Predisability Earnings due to that reduction in hours worked; and

  • You are not Disabled; and

  • No other benefit is payable under this policy.

Loved One means your parent, child (including an adopted child and stepchild), spouse, Domestic Partner, and child of your Domestic Partner.

Serious Health Condition means that due to your Loved One’s Injury or Sickness, he or she:

  • Is receiving inpatient care in a hospital, hospice, or residential medical care facility; or

  • Requires Substantial Supervision for his or her health or safety due to Severe Cognitive Impairment; or

  • Is unable to safely and completely perform two or more Activities Of Daily Living without Hands-On Assistance or Standby Assistance due to loss of functional capacity; or

  • Is terminally ill with a condition that is reasonably expected to result in death within 12 months.

 You may claim the Compassionate Disability Benefit up to two times while your policy is in force. The maximum amount of Compassionate Disability Benefit The Standard will pay for all claims and all Loved Ones is a total amount equal to six times the Basic Monthly Benefit.

The Compassionate Disability Benefit will begin once the Benefit Waiting Period is met. The amount of Compassionate Disability Benefit they will pay each month will depend on the amount of your Monthly Earnings.

If your Monthly Earnings are:

  • Less than 20% of your Predisability Earnings, the amount The Standard will pay will equal the Basic Monthly Benefit.

  • 20% to 80% of your Presdiability Earnings, the amount they will pay will equal a portion of the Basic Monthly Benefit. To calculate the Compassionate Disabiltiy Benefit for each month:

    1. Subtract your Monthly Earnings from your Predisability Earnings

    2. Divide the result from step 1 by your Predisability Earnings

    3. Multiply the result in step 2 by the Basic Monthly Benefit

  • More than 80% of your Predisability Earnings, no Compassionate Disability Benefit is payable.

As a physician, you realize family and health are two of the most important and precious things in this world. By offering this no cost, built-in provision, the Standard takes care of you so when your family needs you most you can take the time to focus on them.

A Supplemental Health Benefit to Your Physician Disability Insurance

Accidents are NOT usually main the culprit of disabilities. Illnesses like cancer, a heart attack or diabetes cause the majority of long-term disabilities. Back pain, injuries, and arthritis are also significant causes. The insurance carrier Principal Financial Group, takes your income protection even further with a unique, built-in provision called the Supplemental Health Benefit. How's how it can help.

How It Works

The Supplemental Health Benefit provides a once in a lifetime lump sum 6 times your monthly benefit if you were to become disable under the policy and are diagnosed with Coronary Artery By Pass Graft Surgery, Cancer or Stroke. These are defined as:

  • Coronary Artery By Pass Graft Surgery – Means the operative procedure for the correction of two or more blocked arties of the heart. This does not include angioplasty and/or any other intra-arterial procedures.

  • Cancer – the presence of a malignant tumor characterized by the uncontrolled growth and metastasis of malignant cells, and the invasion of tissue. Includes: Leukemia and malignant melanoma. The following diagnoses are not covered; any non-invasive cancer in-situ, Hodgkin’s disease Stage 1, prostate cancer Stage A, papillary cancer of the bladder, all skin cancers except invasive malignant melanoma (starting with Clark Level III).

  • Stroke – Any cerebrovascular incident producing neurological deficit lasting more than 24 hours and including infarction of brain tissue or hemorrhage into brain tissue. Evidence of neurological deficit for at least 90 days must be produced.

This benefit is included in your policy at no cost to you as a policy holder because the provision is built directly into Principal Financial Group’s contracts. Should you consequently become disabled and the disability is characterized by one of the above defined diagnoses, then you will be paid the lump sum in addition to your base policy coverage. 

To learn more about this benefit and how it can supplement your contract specifically, please contact us today!

Transitional Own Occupation Rider?

When to Choose a Transitional Own Occupation Rider on Your Physician Disability Policy

In the physician disability insurance world, if you listen to any qualified agent you will consistently hear, “You need an Own Occupation Disability Insurance Policy.” This is especially true if you are a doctor or surgeon whose duties include interventional procedures as well as surgery.

While this statement is generally accurate, in my opinion there are some instances when a Transitional Own Occupation Definition of Disability would work similarly to the Own Occupation language.

The doctor could save premium dollars by having a transitional definition versus an own occupation definition.

A Transitional Own Occupation definition could save you 20-25% on your premiums. Here’s how the definition would change your benefits.

 

A Transitional Own Occupation Policy
Under a Transitional Own Occupation policy, the insurance carrier will pay you your entire monthly benefit, as long as your Transitional Disability monthly benefit coupled with your new occupation’s monthly income does not exceed your pre-disability monthly income. However, if your monthly disability benefit plus your new income from your new occupation exceeds your pre-disability monthly earnings, then the carrier will begin to offset your disability benefits dollar-for-dollar.

An Example
Confused? Let’s look at an example. Consider a case study for an orthopedic surgeon. Let’s say she was a very busy surgeon making $800,000 annually. Her annual income came to about $66,000 a month. Let’s also assume she has a $15,000 monthly disability benefit with a Transitional Own Occupation Rider. Let’s further assume that although the ORS can’t perform surgery any longer due to severe neck pain, she can still work at an Urgent Care facility 2 days a week, and earns $200,000 annually. Her disability insurance policy would still pay her the full $15K a month, because her $15K/month disability benefit combined with her $16,000 new monthly income (from the urgent care work) only comes to $31,000 monthly – much less than her pre-disability earnings of $66,000/month.

So doctors with very high incomes would usually be just fine under a transitional occupation rider. In the example above, the surgeon could still earn her entire $15,000/month disability benefit, as well as earn up to $51,000 a month before the insurance carrier would begin to reduce what they pay her. $66,000 (monthly pre-disability earnings) minus $15,000 (her disability monthly benefit) equals $51,000 (the amount she could still earn monthly in her new occupation before any disability benefits would be offset).

In Summary
So maybe for the doctors and surgeons who still make very high incomes, they should at least consider the Transitional Own Occupation definition and then they could save 20-25% on their premiums by not having the “Own Occupation” policy. Feel free to contact us and we can discuss what may be the best option in your situation.

 

Ladies Listen Up.....Please?

Female physicians typically pay premiums that are twice as high as their male colleagues. Why? Because claims history shows that females file for disability insurance benefits at a rate twice as high as men do and thus the insurance companies must adjust for the additional risks that come with insuring female doctors. Hence the higher and sometimes cost prohibitive premiums.

There is a little known secret out there is that female physicians can reduce their premiums anywhere from 40 - 60%, depending on their age and medical specialty. How?

If a female doctor is in a group practice that has 3 or more doctors in it, then she may qualify for a "unisex" rate, which is a blend of female and male rates. She can earn this permanent discount if at least 3 or more physicians in her group purchase a disability policy from the same carrier, and if the agent or broker knows what they are doing (which isn't a guarantee unfortunately). It's as simple as that.

So if your practice has 3 or more doctors in it, then call me at (800) 729-6929. Let me tell you how much we can save you, because own -occupation disability insurance shouldn't cost you an arm and a leg. And if it is, then you really need to call me.

Total Disability Defined

Total Disability Defined: Private Insurance vs. Typical Association Plan

How is total disability defined? To put it simply, what would need to happen in order for you to receive (and continue receiving) benefits under your disability policy and what are the terms and conditions that must be met in order for you to get paid? This is where things can get tricky.

Medical Association Disability Policies

Under most medical association plans, a typical definition of disability may read: “We will consider you totally disabled if an injury or sickness prevents you from performing the substantial and material duties of your occupation. Your occupation is what you were doing at the time a disability begins. After benefits have been paid to you for 60 months, we will consider you totally disabled IF you cannot perform any reasonable occupation based on your education, training, or experience.” This is where the underwriting carrier of a medical association plan can “manipulate” your income benefits. If they feel, in their medical opinion (which conveniently comes from an employee of the insurance company) that you can indeed perform a “reasonable” occupation based on your education, training, or experience, then you are no longer considered “totally” disabled—they may still pay you “partial” benefits based on a complicated formula. The biggest issue with this type of policy is that it takes away the decision from you.

Private Disability Insurance

A private disability insurance (i.e. individual disability insurance) definition of total disability differs dramatically from a Medical Association carrier’s definition. Assuming you have wisely purchased an Own Occupation definition of disability policy, the carrier does not have the flexibility that a medical association carrier does.

The private carrier cannot come back to you either during the first 60 months of benefits OR afterwards and assume you can go work in a “reasonable” occupation. It is your own choice to work in another occupation, or to not work. If you choose to work in another occupation, you will not be penalized or have your benefits reduced—again, assuming you have the own occupation definition of disability.

The Situation

Let’s consider the scenario where a surgeon, let’s call him John, develops a disability, a motor neuron disease in his dominant hand. Depending on the severity of the disease, this can render John incapable of performing his skillful duties as a surgeon indefinitely.  However, the medical association’s insurance provider could consider John fully capable of doing something else in an occupation within the medical field, based on John’s background, experience, education and training. In other words, when the 60 months of disability expire, John may no longer be eligible for full disability benefits. This is very problematic, especially if John cannot find the work that the insurance carrier expects him to be able to perform.

Probability and Disability Polices

It is important to remember that insurance carriers are not benevolent.  To them it’s a numbers game. For instance, consider the same surgeon, except now he specializes in micro discectomy surgeries. John now wears a 20-pound scope (needed for surgeries) on his head and his neck is bent at an angle 9 hours a day. While it doesn’t seem like much at first, in the long run it will have drastic wear and tear on his neck, upper and lower back, potentially leading to a bulging or herniated disc. This type of injury accounts for over 20% of disability insurance claims. Conveniently (inconveniently for you), medical association plans typically have a 2-year max benefit on musculoskeletal issues…a numbers game. You wouldn’t get a car insurance policy that excluded accidents with teenagers, but a car insurance provider might require this if you lived by a high school.

Conclusion

When you are choosing your disability policy ask yourself this: “If I had my medical gift and skill set taken from me through an injury or disease, would I want to control how much I get paid monthly, or would I want the insurance carrier to dictate that to me.

It is as simple as that. 

Disability Insurance with a Money Back Guarantee?

That's Right! If you don't use your disability policy benefits for either Total Disability or Partial/Residual Disability, the carrier will refund you 50% of your premiums every 5 years.

This may be a perfect opportunity for those physicians who say “I'm never going to become disabled," or " I don't want to waste my money on disability insurance premiums".

With the Return of Premium Rider, (yes there is an additional premium required for this benefit) you can still protect your income and your lifestyle, but if you never become disabled, you get half of your premiums back. It's a WIN/WIN!!

But what happens if you do become disabled and you are unable to perform your medical specialty any longer due to a sickness or an injury? Well then you have your disability insurance benefits to rely on. You are still OK. However under this rider, you would only be refunded your premiums if the premiums you have paid exceed the disability benefits you have received. Also if you cancel your policy during the 5 year period you do not receive any premium refunds.

Given the fact that you may never use your disability insurance benefits, wouldn't you like to get a substantial check back every 5 years? You decide, but let's talk about it. Call me at (800) 729-6929. (This rider is N/A in the following states: CT, FL, NJ, NY, OR, PA and TN)