January 21, 2017


Episode 16: 10 Things To Expect When Your Disability Insurance Company Asks For An IME Exam

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Almost all disability insurance policies provide a disability insurance company with the right to have the insured examined by a physician of their choice. The disability insurance companies can select any physician and a claimant must attend. These exams are commonly referred to as independent Medical Exams “IME EXAM”; however many courts refer to them as Compulsory Medical Exams (“CME EXAM”) since the claimant’s benefits will be denied if they fail to appear. Disability Insurance attorneys Gregory Dell and Stephen Jessup discuss what a claimant should expect if asked to attend a CME exam. It always best to get an attorney involved if your disability insurance company has requested a CME. Here are some the question that Attorneys Dell and Jessup will discuss in this video”.

1) Is the disability claimant required to attend the CME exam?

2) How should a disability insurance claimant act at a CME exam?

3) Are the CME doctors the enemy?

4) Are the disability insurance companies videotaping the disability claimant at anytime before, during or after the CME exam?

5) Should a claimant videotape, audiotape or bring an independent witness to the CME exam?

6) Should a claimant complete paperwork that is presented at the actual CME exam?

7) Is the CME exam suppose to be a deposition of the claimant?

8) Does a disability claimant need to complain about everything during a CME exam?

9) How can a disability claimant get a copy of the CME report completed by the physician following the exam?

For additional information about IME Exams and long term disability claims please visit our website at http://www.diattorney.com

The Need for Disability Insurance

When you are in good heath, it is hard to imagine you might be struck by a major illness or accident that could render you unable to work. This is why many people ignore the necessity of getting a life insurance. It’s in the human nature to have this tendency of thinking we are going to live forever and nothing bad would ever happen to us.physician disability insurance

The Need for Disability Insurance for Physicians

Unfortunately, statistics show something totally different. The probability of suffering from a disability is five times bigger than the one to set your house on fire. Disability is a silent drama and that’s the reason why people don’t realize it is this frequent. Instead of being sorry in case of such a disastrous life event, it’s much better to get disability coverage from an insurance company and rest assured you’ll be able to manage this type of situation, if needed. The costs are lower than you’d think ,so it’s worth, at least, to ask for a few quotes from several companies and see what you can afford and what not.

The point of getting physician disability insurance is to secure some form of income in the event you suffer from an illness that would cause you a permanent disability and an impossibility to do any kind of paid work whatsoever. This is a very serious issue, because, even if you think you’d have something to eat and a roof above your head anyway, just imagine what would happen if you don’t get well and you can’t pay your house mortgage anymore. You’ll end up in foreclosure before you’ll even have the chance to realize what’s happening to you. Obamacare determined employers to direct their employees towards the exchanges that will take care of the government insurance. This leads to the elimination of disability insurance, so if you are still keen to have it, you’ll need to purchase it separately.

Consider Carrying A Life Insurance Policy

Paying bills and budgeting your income is not what most people consider fun. And, the last thing on your mind is tacking on another bill. Instead, you are probably working on getting some of those bills paid off so that they disappear from your list. Given this fact, while utility bills and other payments remain part of your budget for life, other optional bills, such as life insurance, are often overlooked. However, when it comes to life insurance, it’s more of a necessity than you might think.

How much do you think a funeral costs? Funeral costs are extremely expensive these days. What happens if you die unexpectedly? There will certainly be medical costs, funeral expenses, and who is going to pay for all of that? Your family is stuck with these bills unless you have money set aside for them or a life insurance policy. And, even if you do have money set aside, wouldn’t you like to leave all of that to your family as an inheritance vs allowing it to be eaten up by extremely expensive bills upon your death?

For just a few extra dollars a month, you can secure a term life policy that will take the worry out of final expenses for your funeral costs and medical bills. Instead of paying out everything yourself and all at once, you are maintaining a policy that is not expensive in order to guarantee coverage and not add to the problems your family faces upon your death.  If you want to get a feel for how cheap it can be, check out insurenow365, where they specialize in high risk life insurance and life insurance for families.

There are many types of life insurance policies, but term life would be your least expensive option. This policy would cover you throughout the entire term so that all final expenses and bills are covered no matter what. If you think you can’t fit life insurance into your monthly budget, you really should at least get a few quotes from some companies. You might just be surprised!

What Factors Impact Your Credit Score

Your credit score is a number which essentially represents the likelihood that you will repay your loan. Credit scores are used by lenders granting credit cards or loans, insurance companies to set premiums, phone companies to determine who qualifies for contracts and even landlords when considering tenants. The higher your score, the more likely you are to be granted a loan or insurance and the less you are likely to pay for it. There are a lot of myths about what factors influence someone’s credit scores.

For example, your credit score does not consider how much you earn nor is the credit scoring process less favourable to minorities. The Equal Credit Opportunity Act prevents scoring agencies from taking into account race, color, religion, sex, age or marital status. You will not be blacklisted based on any of these factors.

Another myth is that if you’ve never borrowed anything you will have the best scores. In truth, lenders prefer seeing that you have had a few loans or cards on which you make regular, timely payments and you can responsibly handle debt. Having not borrowed anything, creditors have no basis upon which to assess how you manage your money.

It is also important to remember that your credit score is a snapshot of your financial situation at that particular moment. It will change as new information becomes available.  A bad score won’t haunt you for the rest of your life but bear in mind that missed payments and debts stay on your record for at least six years.

Your credit scores are based on numerous factors but they don’t all carry the same weight. One of the most significant factors is your payment history. Risk scoring systems will consider any bankruptcies, charges, collections, repossessions foreclosures and settlements. The more of these you have and the more recent they are, the lower your credit score is likely to be.

Risk scoring systems then look to the types and amount of debt you carry. The weightiest are revolving debts such as credit cards and retail card debts. They calculate the total balances for all your cards and the total limits for said cards, express this as a percentage and the higher that percentage, the lower your credit score is likely to be.  Instalment debts such as car loans are also taken into account however, they don’t carry as much weight as revolving debts because the former are usually secured by assets and consumers try to keep up to payments to prevent repossession of these assets.

The other considerations are credit file age, account diversity and credit inquiries.  The credit file age refers to the number of years you’ve had your oldest credit account as well as the average age of your accounts. Consumers with an older credit history tend to be more low risk borrowers. Account diversity, for example having a credit card, student loan and car payments all active and up to date, illustrate that you are able to manage different types of debts and are fiscally responsible. However too many credit inquiries from lenders may be interpreted as a sign of financial difficulty and these frequent, hard inquiries can lower your credit scores.  On the other hand soft inquiries, you checking your own credit scores, will not damage your ratings.

In most cases myths about things that affect your credit scores are false. . Financial planning is important to achieve ideal credit scores, however this is not impossible. Ensure that you keep your debt to a minimum and use your credit responsibly.