[Health Insurance] 32, Disability Income Riders and Additional Benefits

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The COLA rider adjusts disability benefits for inflation, but only after a claim has been paid for a specified period, typically one year. - The Future Increase Option rider allows you to buy more coverage in the future as your income rises, without needing to prove good health. - The Return of Premium rider refunds a portion of your premiums if you don't file a claim, but it is an expensive add-on. - The Social Insurance Supplement (SIS) rider pays an additional benefit when Social Security disability benefits are not being paid, such as during the waiting period or if the claim is denied. - The Waiver of Premium rider excuses you from paying premiums after you've been disabled for a specific waiting period, often 90 days. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep