Disability Insurance - How To Buy

He realized his professional association only offered a tiny "group" policy that wouldn't cover his lifestyle.

He added a COLA (Cost of Living Adjustment) rider so his benefit would increase along with inflation.

Sam and his broker sat down to "build" the policy using riders (add-ons). how to buy disability insurance

He provided two years of tax returns to prove his income.

Once, there was a freelance consultant named Sam. Sam had a thriving business, a new mortgage, and a habit of saying, “I’ll handle that later.” He realized his professional association only offered a

A nurse came to his house for a quick physical, blood draw, and blood pressure check.

He decided the policy should pay out until he turned 65. He provided two years of tax returns to prove his income

Sam checked that the premium was "Non-Cancellable" and "Guaranteed Renewable." This meant the company could never raise his rates or cancel his plan as long as he paid.