Adjusting Disability Insurance in Case of a Raise

Shawn Plummer

CEO, The Annuity Expert

Adjusting Disability Insurance in Case of a Raise

Assurity’s Automatic Benefit Increase Rider offers a dynamic solution to adjust your disability insurance in line with career growth and economic changes. This rider ensures your disability benefits keep pace with your increasing income and potential inflation.

Features of Assurity’s Automatic Benefit Increase Rider

  • Annual Increase: Enhances the base policy monthly benefit by 5% of the original amount annually.
  • Duration of Increase: Applicable for benefits payable after the initial year of continuous benefits.
  • Maximum Benefit Increase: Benefits continue to escalate each year under the policy until the monthly benefit payment is double the original amount.

When to Consider This Rider

  • Industry Growth: Ideal for individuals in sectors expecting salary growth.
  • Inflation Protection: Helps maintain the value of your benefits against potential inflation.

Conclusion

This rider is a strategic choice for adapting your disability insurance to match your career progression and economic changes. Contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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