In our most recent video, we discuss ‘Transitional Occupation’, a perplexing contract definition, though it is rare.
We see Transitional Occupation often with Principal disability insurance in the state of California as they have a different definition of disability for some specialties. If you are outside of primary care, typically your insurance would be coded with a higher premium due to risk that specialty presents. That codes requires this type of definition if you purchase Principal for your disability coverage.
If you retain this policy while under a higher income and then become disabled, this may not be as impactful vs. on a lower income at time of disability. This topic can be a little confusing so let us know if we can help!
