What is a Future Increase Option (FIO), Future Purchase Option Rider or Benefit Update?

This allows a physician to increase their disability policy up to the stated maximum without having their health re-examined by the Insurance Company on the anniversary date. This is a very important rider for newer physicians wanting to protect a projected higher income since their health status could change making them ineligible for increased coverage in the future without this rider. A physician would still need to prove their higher income through W-2s and/or tax returns to qualify for the increased coverage.

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