Disability Insurance for Physicians:
Imagine what your life would be like if you were unable to perform your regular
daily duties as a physician. Would you be able to maintain your current lifestyle
or would you go into debt and have to sacrifice the things that make you happy?
What might happen to your practice after returning from a disability and you find
your patients had to be referred elsewhere?
What is a Physician Disability Insurance Policy?
A Physician Disability Insurance Policy will provide doctors with sufficient
financial coverage if you were to become temporary or permanently disabled. If
you become disabled, the policy will pay a percentage of your total income. The
policy can be customized to make sure your needs are met. We offer true “Own
Occupation” definition, not “Medical Occupation” definition like our competitors!
Own Occupation definition, if you become permanently disabled and are unable
to perform your occupational specialty but you can get paid to do something else,
you will still receive 100% of your policy benefit. Medical Occupation definition,
you will receive your full benefit if you earn 20% or less of your pre-disability
income or you will receive a proportionate benefit if you earn more than 20% of
your pre-disability income. For example, if you are a surgeon and can no longer
perform surgery but are paid to do something else like teach or counsel patients,
under Own Occupation regardless of what you are being paid you will receive
100% of your monthly benefit for the duration of the policy terms. Using this
same example, Medical Occupation, based on what you are earning as a teacher
or to counsel patients, you would receive a percentage of your policy benefit.
Getting a Second Opinion
Our company offers the top 4 insurance carriers that specialize in disability
policies for physicians. All of these policies offer Own Occupation definition. We
will help you to get the best comprehensive quotes possible. You will be able to
compare policies and make sure you are getting the best coverage with an
affordable premium. If you are interested in learning more, make sure that you
contact one of our specialists to discuss your options and get a disability
insurance quote today!
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