Disability Insurance Basics
What is a disability insurance future increase option?
A future increase option (FIO) rider allows you to increase your disability insurance coverage in the future without medical underwriting. This is valuable for young professionals whose income will increase over time. You can increase coverage at specified intervals or upon qualifying events (marriage, birth of child, income increase).
Key Points
- FIO rider: increase coverage in the future without medical underwriting
- Valuable for young professionals whose income will increase
- Increase coverage at specified intervals or qualifying events
- No medical underwriting required for future increases
- An independent agent can help you evaluate FIO riders