Disability insurance for pharmacists

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Posted: Mon Sep 27, 2010 6:23 pm Post subject:

Max, it may just be Californial that has low caps like that. Most that I see know cap out at $10,000. Some are higher. I don't see too many that are lower any more. A cap higher than $5,000 doesn't impact the price all that much since it only impacts those making above $100,000, plus those are the ones making the decisions. _________________ Register Now to have your Insurance queries solved.

akvma

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Posted: Tue Sep 28, 2010 3:49 am Post subject:

Quote:

California that has low caps like that.

California has no "caps" on private DI (workers' comp is much different). What low caps were you thinking about? The $12,000/mo or the $20,000/mo? Besides, the client was in Texas.
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MaxHerr

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Joined: 29 Nov 2009
Posts: 4622

Location: Pomona CA
209.53 Dollars($)

Posted: Tue Sep 28, 2010 9:35 am Post subject:

Quote:

California has no "caps" on private DI (workers' comp is much different). What low caps were you thinking about? The $12,000/mo or the $20,000/mo? Besides, the client was in Texas.

The low caps were from your statement, "...as most group LTD policies have a cap of 6-8K of total benefit."

I was simply pointing out that where I am, this is simply not the case, so I was wondering if this low cap thing had to do with California. Even your example of the higher cap came from a different state.
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amvaurm

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Posted: Wed Sep 29, 2010 7:22 pm Post subject:

Quote:

as most group LTD policies have a cap of 6-8K of total benefit."

Sorry, but that was NOT my statement, it was a statement made by BNTRS (two posts above it) that I was replying to (I just forgot to quote it as such). I won't hold that against you.
_________________
CA-licensed P&C Broker-Agent and Life Agent. CA Insurance Lic #0596197. Now investigating insurance company abuses, and providing litigation support and expert witness services. Send me your questions, and I'll send you my answers.

MaxHerr

Moderator

Joined: 29 Nov 2009
Posts: 4622

Location: Pomona CA
209.53 Dollars($)

Posted: Fri Oct 01, 2010 2:57 am Post subject:

Max, No doubt, but I think we need to thinking about exceptions and rules (or perhaps rules of thumb). Sure we can find examples such as your prior company working on a case where a carrier was willing to make an offer. Either way, our original discussion concerned the basis for cost, which I believe we have squared away, but it's been a little while since I've looked at this, and it's been a busy month.