Is One Individual Disability Policy Significantly Better Than the Rest?
Sep 18, 2014
jamie

jamie

18 Sep, 2014

I recently had a physician contact me who was working with a local agent. This agent told her that his plan was significantly better than all of the other plans. Could this be true?

There are subtle differences among plans and companies, but there is nothing significant that puts one policy or company way above the rest.

If someone is pushing you or telling you that one policy is so much better than the rest and it is the only one to consider, chances are that person is employed by that company and has a bias or incentive to only show that product. Some agents work for a company and may not be aware of other products available and therefore assume that their product is the best.

As a consumer, the best thing you can do is to compare policies in an objective way.  Working with a broker who is not employed by any company is the best way to ensure you are receiving the most objective advice.

Related Posts

2 Year Period of Incontestability–Life and Disability Insurance

2 Year Period of Incontestability–Life and Disability Insurance

When you purchase a life or disability insurance policy, your policy will automatically have a clause called the period of incontestability. This clause causes a lot of confusion.  The clause states that if you have a claim in the first two years of the policy, the...

Can A Disability Insurance Broker Help Me with My Claim?

Can A Disability Insurance Broker Help Me with My Claim?

Disability insurance claims Recently a potential client contacted me and asked me if I could help assist them in the future if they encountered a disability insurance claim. I explained to them how it worked. Brokers can listen to their clients and direct them to the...

We’re here to help

Getting the right disability insurance can be downright confusing. At Set For Life, we’ll help you understand the options and work with you to select just the right product for you and your family. These articles will help you understand some of the complexities involved, but we’re happy to walk you through it! If you’re ready to get set, reach out for a quote today!