We specialize in protecting the paychecks for physicians and dentists of all specialties.
Whether you are a surgeon, anesthesiologist, cardiologist, urologist, pediatrician, otolaryngologist, or any other specialist, we can work together to find a properly structured disability insurance income policy. Assuming a 38 year old physician became disabled with $12,500 of disability income coverage, the total cumulative benefit may be as much as $6,745,328 completely income tax free!
As a physician or dentist, your financial needs are very unique. Most importantly, you must protect your most valuable asset – your ability to work and earn an income. Disability Insurance Experts has worked with thousands of physicians and helped them obtain specialty specific disability income protection. Specialty specific coverage is designed to protect the investment of time and money you have spent for a career within your specific specialty. With this type of policy, you may collect benefits if you are unable to practice within your specialty, even if you continue to earn an income in a new occupation or specialty. Only the specialty specific/own occupation definition will protect your entire career investment. Other definitions may reduce or completely stop your disability benefits if you return to work in a new occupation or specialty.
Important provisions to be included in a qualify disability insurance policy
√ Specialty specific/Own occupation definition of disability – Protects you within your specialty.
√ Partial/Residual benefits – Most disabilities begin as partial disabilities until the illness or injury progresses into a total disability. Partial disability benefits replace your lost income in the event you are only capable of working part time due to an illness or injury.
√ Noncancellable – A noncancellable policy guarantees that your premium will not increase until age 65 or 67. Also, the insurance company cannot cancel your policy as long as you pay the premium on time. Finally, this rider prohibits the insurance company from changing the contractual provisions of your policy, unless it is to your benefit.
√ Future Purchase Option – As your income increases, the Future Purchase Option guarantees your ability to increase the monthly benefit regardless of any changes to your health status.
√ Cost Of Living Adjustment (COLA) – After the first year of disability, the COLA rider will increase your benefit every year to keep pace with inflation. Essentially, this is a built-in inflation protection.
Compare disability insurance quotes from several insurance carriers offering specialty specific coverage.
The insurance companies we represent are nearly limitless. However, physicians are offered specific contractual provisions, which are only obtainable through a handful of qualified insurance companies. It is best that you compare the rates and policy provisions from each company to ensure that you are obtaining the best possible contract for your specific needs. What is best for one person may not be the best for another. Take a look at your specific options by contacting us today.
We make things easy.
Having specialized in working with physicians, we understand that your time is a valuable commodity. Every effort is made to make the process of obtaining disability income protection as easy as possible. If you need help or have questions, we are here to support you every step of the way. Disability insurance underwriting is a very complicated process; our goal is for you not to notice! Compare disability insurance quotes here!
