Disability Insurance Blog
Understanding the Differences in Disability Definitions
When purchasing a disability insurance policy, one of the most important aspects to understand is how the term “disability” is defined. This definition forms the basis of when benefits are payable and what criteria you must meet to qualify for those benefits. Different policies use various definitions of disability, and these distinctions can have significant implications for your coverage, the duration of benefits, and the overall value of your policy.
Underwriting Disability Insurance with Mental Nervous Disorders
When considering disability insurance, most people think of coverage for physical injuries or illnesses that prevent them from working. However, mental and nervous disorders (MNDs) also play a significant role in an individual’s ability to maintain employment. The Social Security Administration reports that 35% of disability insurance beneficiaries are due to MNDs. With the increasing awareness of mental health, the importance of understanding how disability insurance covers MNDs cannot be overstated.
Why Buy/Sell Disability Insurance is Crucial for Business Owners
In the dynamic world of business, ensuring continuity and stability is essential. This is especially important when unforeseen circumstances arise. For business owners, one critical aspect of this stability is having a well-structured Buy/Sell Disability Insurance policy. This type of insurance is designed to safeguard a business’s operations and ownership structure if a key partner or owner becomes disabled and is unable to contribute to the business. Let’s dive into what Buy/Sell Disability Insurance is and why it’s a crucial component for business owners.
The Pros and Cons of Using Text Messaging for Business
In an increasingly digital and fast-paced world, communication methods are constantly evolving. One of the most prevalent forms of communication today is text messaging. Its use spans personal interactions to business transactions, including the sale of disability insurance. While there are numerous advantages to using text messaging for disability insurance sales, there are also notable drawbacks. Let’s delve into both sides of the coin.
Selling Disability Insurance: A Storytelling Approach
In the realm of insurance, few products carry as much weight as disability insurance. This crucial coverage often gets overlooked, yet it serves as a financial lifeline when life takes unexpected turns. To truly understand its value, let’s explore the benefits of selling disability insurance through the lens of storytelling.
Disability Insurance Marketing Ideas
Predicting which marketing trends will truly benefit your business is a significant challenge in any field, including financial advisory and disability insurance. Leveraging the right marketing trends can give you a competitive edge and create new avenues for business growth and reputation building.
Field Underwriting Disability Insurance
Field underwriting is a crucial step in the disability insurance application process, serving as the first line of defense for insurance companies to assess the risk associated with a potential policyholder.
10-Steps to Filing a Disability Income Insurance Claim
No one ever wants to file a disability insurance claim. However, having the proper income protection before you need it will offer peace of mind at claim time. Filing a disability income insurance claim can seem daunting but with the right information and preparation, the process can be manageable. Here’s a comprehensive guide to help you navigate through the steps needed to file your claim effectively.
7 Reasons Financial Advisors Should Sell GSI Disability Insurance
Are you interested in growing your disability income insurance sales big time? If yes, Guaranteed Standard Issue (GSI) is where it’s at! Selling GSI disability insurance can be advantageous for financial advisors and their clients for several reasons
Spring Cleaning Can Help Your Work Life
It’s about that time of the year where you re-organize your space and clear out the clutter. Spring cleaning for most looks like cleaning out closets, cupboards and garages. A lot of people like that feeling of being organized and prepared for the rest of the year. What if this could apply to your business? There are many things a business owner OR employee could do to make the rest of the year easier and more organized than any year yet.
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