Search
Close this search box.

What are Fixed/Level vs. Projected Level vs. Graded/Increasing Premiums?

What type of insurance premium would you prefer? Often, clients prefer a level, fixed premium so that their plan is rate locked for as long as they would like to keep this policy.

GRADED – this means your premiums will adjust each year and eventually your plan will surpass the savings and start costing you more. Have the broker show you what year this will happen. **You want to think about whether or not you could be financially independent by this time. If not and the costs are higher, you may be better off with starting with a rate lock from the beginning.**

Before you purchase your plan, you should have answers to these questions:
💭How to collect income while disabled
💭How to obtain a portable plan as you move through practice
💭How to get your rates to renew each year as you age
💭How to protect yourself against future underwriting
💭How to guarantee no offsets if you have other income sources

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

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

🔔 Subscribe for more here: https://www.youtube.com/channel/UCI5HghYhKie41HbiM7rB8Iw

🚀 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

Videos for frequently asked questions:

💡 WHAT IS OWN SPECIALTY https://www.youtube.com/watch?v=CHVjlSqGLiQ&t=3s
💡 HOW FUTURE PURCHASE OPTIONS WORK https://www.youtube.com/watch?v=OH8mPfdB7Ms&t=29s
💡 DO I NEED COLA? https://www.youtube.com/watch?v=MmgiPQEJxvQ
💡 THE UNDERWRITING PROCESS https://www.youtube.com/watch?v=Sa611TSHeu8&t=18s
💡 GROUP VS. PRIVATE INSURANCE https://www.youtube.com/watch?v=7enAnIXXJxg
💡 COMPLIMENTARY FEATURES INCLUDED https://www.youtube.com/watch?v=k91_NHohecw

Thank you so much for stopping by today!

Related Videos

What is your specialty?

Share

What are Fixed/Level vs. Projected Level vs. Graded/Increasing Premiums?

Facebook
Twitter
LinkedIn
Email