Question

A physician opens up a new practice and qualifies for a $7,000/month disability income policy. what rider would the physician add if he wants the ability to increase his policy benefit as his practice and income grow?

Answer 1

The right rider for the physician to add is guaranteed future insurability. If the doctor knows for sure that his income will be growing in the future, he can add guaranteed future insurability rider to his disability policy, and this will allow him to purchase additional insurance without trying any medical question as long as he meets the income eligibility.