The Set For Life Blog
How To Prepare When A Disability Strikes
If you've been diagnosed with an illness and anticipate needing to file a disability claim, organizing your insurance policies and related documents is crucial to ensure a smooth and efficient claims process. Here’s a step-by-step guide to help you organize your...
Why You Shouldn’t Name A Minor Child As Beneficiary of Your Life Insurance
When you name a minor child as the beneficiary of a life insurance policy, several important considerations and potential complications can arise. Here’s what you need to know: 1. Minors Cannot Directly Receive Insurance Proceeds Under most state laws, minors...
How to Prepare for a Life Insurance Medical Exam: Tips to Get the Best Results
When you apply for life insurance for more than $1mil of death benefit and/or disability insurance for more than $10k/month, the insurance company wants to know exactly who they are insuring and the risks involved. Essentially, you’re entering into a contract with...
Long Term Care 101: What You Need to Know to Prepare for the Future
When it comes to planning for the future, one area that often gets overlooked is long-term care. We tend to think of retirement savings, travel plans, and perhaps even estate planning, but what about the possibility of needing help with daily living as we age?...
What Happens If Your Health Changes Right After You Apply for Disability Insurance?
Recently I had a client apply for disablity insurance. We submitted the application, the client completed the online health questionnaire and the company requested medical records. A week later, the client was in a bad car accident and injured their leg that required...
Deadline for Graduating Residents Disability Insurance 2024
What is the last date that graduating medical residents can purchase a policy in 2024? The deadline is September 30, 2024. There are several advantages of purchasing an individual disablity policy while still maintaining your medical resident status: Discounts....
Protecting Your Career: The Importance of Disability Insurance for Athletes
For professional athletes, a career-ending injury or illness is a constant risk. The physical demands of sports, combined with the unpredictability of life, mean that a single incident can jeopardize an athlete's future. Disability insurance provides a vital safety...
The Importance of Key Person Life and Disability Insurance for Your Business
The Importance of Key Person Insurance for Your Business In the world of business, planning for the unexpected is crucial. One of the most vital yet often overlooked aspects of this planning is key person insurance. This form of coverage is essential for protecting...
Dentists and Disability Insurance
As a dentist, you've invested significant time, effort, and resources to build your practice and establish a successful career. Your role is crucial in maintaining and improving the oral health of your patients. However, the physical and mental demands of your...