A purchase option is a promise by the disability insurance carrier to sell to you, at some point in the future, additional disability insurance.

The option means that the insurance company must sell you this extra disability insurance even if your health deteriorates. It is important to remember that you must be able to afford this additional insurance at that time when you exercise you option. The insurance company will also price this additional coverage according to your age at the time the option is exercised. And, you should also know that an option could not be utilized if you are disabled. These options are very specific and are designed to adjust to your increased income and expenses. Disability insurance that you purchase at an early age may not be enough to cover your expenses as your financial situation improves. This information is general in nature and should not substitute for the advice of an expert in the field.