Disability Insurance Benefit Update

It’s time to take a second look at your disability insurance policy and make sure that you are still fully protected.


WHY ARE WE REACHING OUT?

By now it’s been a while since you took action to protect yourself by locking in your disability insurance policy.

Since then things have probably changed regarding your income and your benefit needs, which is why we are reaching out.

It’s time to take a second look at your disability insurance policy and make sure that you are still fully protected.

WHAT IS THE BENEFIT UPDATE RIDER/BENEFIT PURCHASE RIDER?

We understand that things change quickly and the amount of coverage you purchased is probably not enough coverage any more.

Which is why on each policy there is a free rider known as the benefit update rider or benefit purchase rider.

WHY IS THIS IMPORTANT?

This free rider helps your policy to stay up to date with your needs by allowing you to increase your benefit amount without the pain of going through any more labs or physicals.

This eliminates the risk of any benefit price increases, declines or exclusions.

WHAT COMES NEXT?

The process of updating your policy is fairly simple, to keep you informed we have a quick video that breaks down the next steps and explains what happens if you take no action.

Take a look at the next video and we will help get you started! And remember, we are here to help you and answer any questions you may have.


Let's Start Your Benefit Update

Here are the three simple steps to updating your disability insurance policy

Now that you are ready to begin the quick process of updating your policy, let’s talk about the steps:

STEP 1: VERIFY YOUR INFORMATION

First, you’ll need to verify your information is up to date.

Right now you are approaching your policy's 3 year anniversary, in 3 years a lot can change.

To make sure all your information is up to date we will send you a form to review, this is where you can update your income amount or any other major changes that may impact your benefit needs.

STEP 2: COMPLETE APPLICATION

Secondly, once you have looked it over and made any changes, we will send an application to the insurance company to determine your increase needs. T

hey will need to collect a few documents such as last years W2 or a recent pay stub.

STEP 3: COMPLETE YOUR INCREASE

Lastly, once that is all taken care of the insurance company will let you know your increase eligibility.

From there you have two options:

Option 1: You can increase your policy

Or

Option 2: You can decline the increase, however if you choose to decline the increase option and you want to increase in the future, you will have to go through labs and physicians again.

The point of this increase is to ensure that your current income is protected and that in the event of an accident or injury you would receive an accurate benefit.

We are here to make this process simple and easy for you, moving forward we will handle all of the red tape and walk you through step by step.

Remember we are here to help you and answer any questions you may have. Now, let’s get this started!