Is fear of Needles, or possibly a physical exam holding you back from protecting yourself against a disability? Well you can stop worrying and start celebrating. Met Life Insurance Company, has recently released a new set of underwriting standards that will allow individuals (under the age of 50) with or without a phobia of needles to apply for disability insurance without the traditional medical requirements. Met Life calls these new standards their “Simplified Underwriting Guidelines.” In place of their old standard physical exam, Met Life is simply requiring applicants to complete a medical telephone interview with the company. This means no urine analysis or blood work, which obviously means no needles. As always, there are some exceptions to these rules, but for the large part, you can now protect yourself and your most important asset, your income earning ability, painlessly.
The new rules apply for any individual (under 50) applying for $6500 or less for professional disability protection and up to $10,000 in Business Overhead Protection (protection that keeps bills from following business or practice owners home). More importantly because Metlife’s current initial maximum for Residents/Fellows and Dental Students is $6,000 (with the current promise up to $11,000 in the future), most residents and fellows will be eligible for these guidelines when considering personal protection.
Good information for those of you whose fear of needles has prevented you from protecting the very thing that will provide a source of income should you become disabled YOUR INCOME!
