Our goal is to help you decide how to protect your medical career in the event of a disability.
This guide will educate you about definitions of disability, policy provisions, types of policies, how insurance companies determine the amount of disability coverage they will issue, premiums and whether they will insure you, what provisions your policy should have, and where to find coverage. Basically everything you need to know about Disability Insurance (DI) for physicians. It will not provide “chances of disability” statistics. These can be found on any number of websites, including ours.
Every physician should establish, maintain and update disability insurance throughout his or her career. The ideal time to establish coverage is when you are young and healthy and beginning practice. However, many times this coverage must be increased or established later due to income increases, changing practice situation, leaving the military, etc. These life events must be taken into consideration when implementing or increasing coverage.
Disability Insurance ideally pays a monthly benefit if you are totally or partially disabled from practicing your medical specialty due to sickness or injury. Benefits begin after a certain period of time, known as the Elimination Period, and will be paid for a certain number of months or years, known as the Benefit Period. However, all policies are not created equal. What you think constitutes a disability and what the disability policy states may be vastly different.
Have Questions about our Physician Disability Insurance Guide?
We’re here to help. Please don’t hesitate to call us at 888-934-4637 or fill out our quote form to begin the process.