What Variables Affect Disability Insurance Costs for Physicians?
The Cost of Disability Insurance for Physicians can vary from individual based on a laundry list of different criteria. You may find yourself discussing disability insurance with colleagues and the topic of the price will inevitably come up. Cost Varies, it really does. And since everyone is different it’s important to set your expectations on cost based on quotes that are specifically designed for you. Here are a few of the variables that affect Disability Insurance costs for Physicians . Age – The older you are the more expensive the premium. Even though in theory you may think the older you are the less money the carrier will have to pay out if you become disabled. The statistical fact associated with age is that you are more likely to use the policy the older you get because the risk of disability increases with age. The carriers view your older age as a shorter period of time they have to collect premiums so, therefore, they make up for the risk associated with a shorter time fra...