b"FOR YOUR PRACTICEWhy you need to go through medical underwriting for disability income insurance as soon as possibleContributed by One of the necessary steps in applying to purchase disability income insurance is Joseph F. Pantoja, CLU, MBAmedical underwriting. What is medical underwriting? Its the insurance companys review Regional Vice Presidentof your health. Underwriting allows the insurance company to review each applicant, Treloar & Heisel, LLC. assess their health history, and determine an offer based on their risk factors. jpantoja@treloaronline.com Age and health drive the cost of your policy I have helped thousands of dentists with their planning for almost two decades and recommend taking the steps to secure your insurance as soon as possible. Given that both age and health impact pricing, its best to go through medical underwriting today! Well, perhaps as soon as you finish reading this article. Buying disability Buying disability income insurance (DI) early on in your career gives you the income insuranceopportunity to secure insurance at a younger age and while you are (theoretically) in (DI) early on in yourbetter health. You may be thinking, this is yet another expense to take on, especially if you have not yet graduated, or if you have recently graduated. Finances may very well career gives yoube tight early on in your career timeline. But if you compare a 28-year-old purchasing the opportunity todisability policy versus a 38-year-old buying the same policy, there's a substantial difference in cost. The long-term cumulative savings that come from purchasing secure insuranceinsurance early are significant compared to buying insurance when you are farther at a younger agealong in your career path.and while you areGet your foot in the door, make changes later (theoretically) inBy going through medical underwriting now, you will be able to get your foot in the door and secure the insurance at a lower rate. Keep in mind, you dont have to insure better health. a high income. The important thing is to get the insurance; you can always adjust how much coverage you buy as your income increases. Thats one way to keep your out-of-pocket costs low while you get financially established.16"