When money is tight, it can be tempting to pick up a disability policy with a cheaper premium. But that’s not always the best financial move for you. Often the policy that is cheaper today will cost you far more money tomorrow. 

It’s critical for you to understand the difference between various premium structures. Then you don’t get stuck with a policy that costs more than it’s worth.

In this episode, I discuss the difference between level, step-level, and graded premium disability policies, and why that could save your financial life.

Highlights from this episode include:

  • How to ensure that your policy premium will never increase over time (1:39)
  • The sneaky reason why shady agents want you to buy graded premium policies (3:41)
  • Why a cheaper price upfront costs you way more...