Cost of Living Adjustment (COLA)

In this video, we discuss how the “COLA” Cost of Living Adjustment Rider works so you can decide whether or not you would prefer this on your contract.

Not all COLA riders are made the same.
-Some are 3% simple interest (Ameritas and OhioNational have this)
-Some are 3% compounding interest (Guardian, MassMutual and Standard have this)
-Some are 6% compounding interest (most let you select this if you want to)
-Some are floating 0-3% compounding interest (Principal is compounding but floats)
-Some are 0-6% or 2-6% compounding interest (Ameritas and OhioNational have this version)

Please let us know if you have specific questions on these elements and/or would like a review of your current plan. 🕛 To schedule your consultation, please click here: https://www.www.mddisabilityquotes.com/schedule-a-meeting

☑️General Overview of Own Occupation Contracts https://youtu.be/t_sMiUF9aSM When should you buy this plan? https://youtu.be/xMUFXEAbRsM
☑️Who should you buy these plans from? https://youtu.be/enRtPYixvH0
☑️Select your Contract Type https://youtu.be/431v00Hyc0s
☑️Residual Disability Riders https://youtu.be/I4rR-baqswY

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🚀 Tools and resources we recommend:
⚡️FREE Physician Resources: https://www.www.mddisabilityquotes.com/resources-to-download
⚡️FREE Physician’s Guide to Disability Insurance: https://www.www.mddisabilityquotes.com/physicians-guide
⚡️How Future Purchase Options Work: https://www.www.mddisabilityquotes.com/future-purchase-option

***🔅 Let’s connect at Instagram for more education and business strategies on how to build your personal risk management process! @md_disability & @amberstitt_ ***

👍🏽Recommended Resources for specific specialties:
☑️Resources for Dentists: https://www.www.mddisabilityquotes.com/dentists
☑️Resources for Federal Employees: https://www.www.mddisabilityquotes.com/federal-employees
☑️Resources for Females: https://www.www.mddisabilityquotes.com/females
☑️Resources for Residents and Fellows: https://www.www.mddisabilityquotes.com/mds-and-dos-resident-limits
☑️Resources for Optometrists: https://www.www.mddisabilityquotes.com/optometrists
☑️ Resources for Podiatrists: https://www.www.mddisabilityquotes.com/podiatrists
☑️Resources for Veterinarians: https://www.www.mddisabilityquotes.com/veterinarian
☑️Resources for Physicians in the Military: https://www.www.mddisabilityquotes.com/physicians-in-the-military

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