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Standard Insurance Increases Their Maximum Physician and Surgeon Disability Insurance Monthly Benefit to $30,000
Great news for the highest earning physicians/surgeons out there – Standard Insurance now offers up to $30,000 per month in benefit. In order to qualify for $30,000 per month of physician and surgeon disability insurance with The Standard, a physician/surgeon will have to demonstrate an income of $1,200,000 per year, and have...
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Military Dentist Disability Insurance
We recently authored a guest post on disability insurance options for military dentists on Joel Schofer’s McCareer site. Below is a snippet: Military Dentist Disability Insurance Disability insurance is critical and necessary for any professional. This is even more important for General Dentists. Statistics indicate that General Dentists are almost 20% more likely to experience...
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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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New MetLife Disability Insurance for Physicians
It has been just over 2 weeks since the new MetLife disability insurance for physicians was approved in California. The new policy is called “Income Guard” and is very similar to MetLife’s “Income Guard” available outside of California. Since then, we have helped multiple physicians discover that their current policy is not as comprehensive or cost-effective....
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Disability Diagnostic Series: COLA Rider
The Disability Diagnostic Series: COLA Rider By D.K. Unger The Cost of Living Adjustment (COLA) rider is an optional rider that is commonly added to individual disability insurance policies. The purpose of the rider is to keep disability benefits in pace with inflation. I will examine what the rider actually does and whether it is cost-effective....
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Two Reasons Social Security Disability Benefits are Inadequate for Physicians and Other Professionals
There are some professionals and other middle to high income individuals who believe social security will provide them with adequate benefits in the event of a disability. Here are two reasons that is an incorrect and dangerous belief. 1. To be eligible for social security benefits, the individual must suffer a severe enough disability that they cannot...
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Disability Diagnostic Series: Transitional Occupation Rider
Disability Diagnostic Series: Transitional Occupation Rider By D.K. Unger Disclaimer: This is not an endorsement or denouncement of any company that offers disability insurance. In California, the transitional occupation rider modifies the definition of disability to allow the insured to continue to receive benefits up to 100% of prior earnings (not to exceed the stipulated...
