Historically women had to pay a higher rate, sometimes as much as 75% more then men, for disability insurance. Effective 1/1/2020, women can pay the same rate as men in Massachusetts.
Are you a Female Physician, Dentist, or Medical Professional looking to protect your income with a Disability Insurance policy? Good news, you can now take advantage of more attractive rates.
The state insurance department of Massachusetts implemented new legislation, preventing insurance carriers from discriminating premiums based on gender, race, and nationality. This update has resulted in significantly more attractive disability insurance premiums for women in Massachusetts.
Specifically, this update, which took effect on 1/1/2020, will apply to any new disability insurance policies purchased from some of the leading insurance companies in Massachusetts. Rather than paying a higher rate based on gender, women will now be offered the same rates as their male counterparts from their insurance carriers.
To take full advantage of this new update and see if you would benefit from this new pricing, visit our page that highlights, what women need to know about disability insurance and arrange your consultation for full details.
Blaine Lipkin, Founder at Specialized Disability Insurance Services commented on the subject: "Disability insurance premiums for females are often 30-40% higher than males. While some insurance carriers offer discount program containing gender neutral rates, I've noticed they have become increasingly rare for medical professionals. While paying more is frustrating, the higher rates have also made it difficult for women to obtain the quality of benefits desired. This new legislation has created an incredible opportunity for women to establish and lock in coverage at a 30-40% price reduction."
At Specialized Disability Insurance Services we strive to stay ahead of the curve and always keeps our clients in the know. For years, women have been forced to pay a significantly more than their male counterparts and have always been seeking better rates. For this reason, Specialized Disability Insurance Services offers additional discounts that can be applied for medical professionals, resulting in increased savings.
Interested parties who would like to get quotes and learn more about reduced rates are encouraged to visit specializeddisabilityinsurance.com for more information.
