Disability Insurance Underwriting Written on March 9, 2010, by admin.
So, you’ve just been approved for life insurance at the insurance carrier’s best health class. It would seem reasonable to expect similar treatment on your disability insurance application, right? I wish it were that simple. There are so many differences in the underwriting processes that I have to make sure I adjust the expectations of [...]
Depression and Disability Insurance Written on January 14, 2010, by admin.
Do you have an upset in your life (who doesn’t?)? If you work or are in a relationship or have children and/or other relatives, chances are you have been upset about some part of your life. However, be careful of what you tell your physician about these upsets – it …
Top Ten Ways to Avoid Disabling Accidents and Illnesses During the Holiday Season Written on January 1, 2010, by admin.
As as public service to visitors of our Disability Insurance Blog, we are offering these top ten ways to avoid disabling accidents and illnesses during the holiday season:
1. Don’t drink and assemble toys, especially those you need to plug in.
2. Don’t stand under the mistletoe at an office party. The …
Dr. Oz’s Tips for Preventing a Heart Attack This Holiday Season Written on December 17, 2009, by admin.
As heart disease is a leading cause of disability, I thought it might be a good idea to present these holiday health ideas presented by Dr. Mehmet Oz on abcnews.co.com:
Limit drinking; never have two drinks in a row
Alcohol is acutely toxic to the heart, Oz says. It can literally irritate …
Where did they Get that Information? Written on December 14, 2009, by admin.
I have had several clients ask me recently about the Medical Insurance Board (MIB), so I thought I’d give a brief description of who they are and what they do.
MIB Group is a membership corporation owned by member life insurance companies in the United States and Canada.
They maintain a database …
How Thorough does this Underwriting Have to be? Written on December 14, 2009, by admin.
This was a question asked of me today by a frustrated client whose disability application is in underwriting. He wanted to know why we asked a series of questions on the application only to then have the same questions asked by the medical examiner and then again in an interview …
A Real-World Claim Written on December 14, 2009, by admin.
When describing disability insurance to prospective buyers we, as agents, often deal in hypothetical situations – “if you injure your hand, if you have a heart attack, etc.” However, I find that real-world situations make a better case for the need for disability insurance. The following story is an excerpt …
Disability Claims Surging Written on December 14, 2009, by admin.
From the AP – Social Security officials say they expect an even larger spike in new disability claims than they had predicted, as aging, injured baby boomers tumble out of the work force and need income.
Officials estimate they’ll receive 3.3 million new disability claims over the next year, up from …
Rebuking Some Disability Myths Written on December 14, 2009, by admin.
A recent study was performed on the impact of disability by the consulting firm, Milliman, Inc. that highlights many misconceptions Americans have about the impact a disability can have on their lives. I noted with interest several myths the study rebuked:
Disability insurance is more important for married people – FALSE. …
The Effect of Rising Healthcare Costs on Disability Benefits Written on December 14, 2009, by admin.
Recently, the nonprofit LIFE Foundation and America’s Health Insurance Plans (AHIP) engaged the consulting firm Milliman, Inc., to conduct a study examining the impact of disability on individuals in the United States. In this study, titled “The Impact of Disability”, Milliman outlined several expenditures that make up additional costs incurred …