One way to save money on your disability insurance policy is to get graded premiums.

Not all policies offer this feature, but those that do charge you less in the first few years and more in later years.

Level premium policies charge you the same amount in premium every year. A graded premium policy accounts for the fact that you become more likely to become disabled as you go through life.

However, it can be very beneficial to you because your need for insurance actually falls continually throughout your career as your build your retirement nest egg.

Once you become financially independent, you can drop the insurance completely. This is a good idea since the total benefits a policy could potentially pay are also dropping throughout your life (since the policy will generally only pay until you are in your mid to late 60s.) Many white coat investors who are great savers hit financial independence by mid-career.

If you are one of those, you are likely to come out ahead using graded premiums instead of level premiums.

The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

Main Website: [ Ссылка ]
YouTube: [ Ссылка ]
Student Loan Advice: [ Ссылка ]
Facebook: [ Ссылка ]
Twitter: [ Ссылка ]
Instagram: [ Ссылка ]
Subreddit: [ Ссылка ]
Online Courses: [ Ссылка ]
Newsletter: [ Ссылка ]

00:00 Graded Disability Premiums
00:11 Level Disability Premiums
00:30 Financial Independence

свернуть