Should You Add a Cost of Living Adjustment to Your Disability Insurance Contract? - RR Ep 10

Send us Fan MailShould physicians add a Cost of Living Adjustment (COLA) rider to their disability insurance policy?COLA rider, inflation protection, disability insurance for physicians, and income protection strategy explained clearly.In this episode of The Responsible Resident, Amber Stitt breaks down how a Cost of Living Adjustment (COLA) rider works in disability insurance and how it impacts long-term income protection for physicians. Learn how COLA helps preserve purchasing power by increasing monthly disability benefits over time during a claim, and why it only activates after 12 months of continuous disability.This episode covers key disability insurance concepts, including:Fixed vs CPI-based COLA adjustmentsHow inflation impacts disability insurance benefitsThe trade-off between adding a COLA rider vs increasing base coverageWhen COLA makes sense for residents, fellows, and attending physiciansWhy claim duration plays a critical role in COLA valueAmber explains that disability insurance design is not just about features, it’s about how you allocate premium dollars for immediate vs. long-term protection. Understanding COLA helps physicians build a more strategic, sustainable income protection plan.Follow us for more physician-focused education on disability insurance and financial planning.📻 Thank you for tuning in to The Responsible Resident!To Download the FREE Medical Professionals Blueprint:StittStrategies.com/BlueprintIf you would like a free quote, please contact us at: mddisabilityquotes.com/responsible-residentAmber Stitt is a disability insurance specialist with over 15 years of experience helping physicians protect their income and make informed financial decisions. As the host of The Responsible Resident, she brings a structured, education-first approach to topics like disability insurance, underwriting, and income protection, areas often overlooked during medical training. 🔗 Connect with host, Amber Stitt, on Social Media:AMBER’S INSTAGRAMAMBER’S LINKEDINAMBER’S FACEBOOK📲 Be sure to visit the Stitt Strategies website:www.StittStrategies.com🎬 And remember, let's take action today!!!