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Check out our insurance article in Finance Monthly!
Learn about how COVID-19 is affecting the insurance marketplace, and what you should know about disability insurance to protect your livelihood. Our article can be found on page 40 in the e-magazine issue at the following link. https://www.finance-monthly.com/issues/2020/06/ You can also view our article in website format by clicking the following link. https://www.finance-monthly.com/2020/05/disability-insurance-101/ As always,...
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Principal Disability Insurance – $35,000 Monthly Benefit Issue Limit Program Through 2020
Most disability insurance companies have monthly benefit limits of $20,000. To establish more coverage than that, you would have to establish a second policy from another disability insurance company. Now, through the end of 2020, Principal, one of the leading providers of DI for physicians, will issue a monthly benefit up to $35,000, subject to...
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Ameritas Disability Insurance Issuing Higher Monthly Benefit Limits
Following their update last year for “6M” medical occupations, Ameritas Disability Insurance has increased the monthly benefit limits for “4M and “5M” medical occupation classes. Contact us today to take advantage of these higher benefit limits. We have never had a disabled client say that they receive too many disability benefits. The new limits are...
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Why not Kaiser disability insurance?
Like all group disability insurance, Kaiser disability insurance is a good deal if you are unable to qualify for a private policy from a top insurer. It functions best as a supplement to private policies. Let’s examine the need to know facts about the Kaiser sponsored disability plan. 1. It is not specialty specific /...
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Have you ever been declined for disability coverage? Do you have 80% your medical specialty income protected? We will help!
As a recognized leader in establishing innovative physician disability insurance solutions, DI 4 MDS is constantly negotiating with insurance carriers to accept a larger amount of risk for our physician clients. There are two major problems when it comes to adequately protecting physician income from the risk of disability: 1. Medical history restricting disability insurance...
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Stories from the field – individual vs physician group disability insurance
We recently met with a Pathologist fellow to review physician disability insurance. During the meeting, his wife revealed that her uncle is a vascular surgeon and became disabled due to a stroke. They explained that it was a struggle for him to receive benefits since his physician group disability insurance policy changed 5 times over...
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Physician Disability Insurance – Student Loan Benefit Rider
In the last couple of years, a few of the top physician disability insurance companies have created new physician disability insurance benefit riders that reimburse you for the cost of student loan debt in the event of a total disability. You should consider these riders if you have already maximized your monthly benefit and have...
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Non-Cancelable Disability Insurance: What is it? Is it worth it?
A disability insurance policy is considered non-cancelable if the insurance company cannot raise rates as long as the premium is paid. A non-cancelable policy typically has a 20% additional premium charge versus guaranteed renewable only policies. Guaranteed renewable only policies do not have guaranteed level rates. However, in order to raise rates on guaranteed renewable...
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Can I deduct my physician disability insurance premiums? Are my benefits taxable?
We are often asked if physician disability insurance premiums are tax deductible and whether any benefits received are taxable. The answers depend on your practice scenario: 1. If you are a non-owner employee or sole proprietor, then the premiums are not tax deductible. In the event of a disability, your disability benefit will not be...
