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The Disability Diagnostic Series: Definition of Disability
Disability Diagnostic Series: Definition of Disability By D.K. Unger To begin this new series, I will be looking at the heart of disability insurance contracts, the definition of disability. The definition of disability determines whether your benefit will be received or not. There is no universal definition of disability; it varies with each carrier...
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Obtain Disability Insurance Coverage from an Independent Specialist
When looking to obtain disability insurance, it is imperative that a physician seeks an independent agent that represents multiple carriers and specializes in disability insurance. Disability insurance is unlike life insurance in that the policies are more complex and vary with each carrier. Achieving the optimal outcome of obtaining a policy that is both cost-effective...
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UCI Guaranteed Issue Discounted Disability Plan Termination
The UCI guaranteed issue discounted disability plan terminates 11/1. This will be the last time you will be able to obtain individual disability coverage on a pre-approved and discounted basis. This is also the last chance for females to get a gender neutral rate. After the gender neutral rate ends, females will have approximately a...
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Purchase Disability Coverage While in Residency or Fellowship
Q: Why should I purchase disability insurance while I’m still in residency or fellowship? A: A good reason to purchase disability coverage while in residency or fellowship is because rates are based on age and current health. Those premiums are locked in for the duration of the policy and will often provide substantial discounts to residents/fellows. This is...
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A LONG-TERM DISABILITY POLICY CAN PROTECT YOUR INCOME-article & reference inks no longer valid
by ELl J. HJERMSTED Achieving your personal and professional goals depends on your ability to earn an income. A disabling accident or illness, however, can prevent you from practicing medicine for a long period of time. ABOUT ONE in five Americans will become disabled for 1 year or more before age 65, with the average...
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Disability Insurance: Protect Your Most Valuable Asset
Author: Borgia, Andy G, Disability Insurance for Physicians Publication: Western Journal of Emergency Medicine, 14(3) As an emergency physician you have invested at least 25 years to prepare for your medical career. Your ability to practice your medical specialty is your most valuable asset and, as with any important asset, it should be...
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Overlooking Disability Insurance Can Be Costly
By Dave Carpenter CHICAGO (AP) — Long-term disability insurance is the forgotten insurance. The importance of auto, health, homeowners and life insurance is well known. But disability coverage, which replaces lost earnings if you can’t work, tends to be ignored —— until you need it. Government studies show that a 20-year-old worker has a 30...
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5 Tips for Avoiding Financial Catastrophe
Advice for Doctors on Disability Insurance By Charles Matt, CFS As a financial adviser, I have found that just because someone has a high standard of living and is highly educated—as is true of most of my physician clients—does not necessarily mean that he or she is in sound shape financially. This disconnect is true...
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Disability Insurance for Emergency Medicine Physicians
Disability Insurance for Emergency Medicine Physicians Protects Your Most Valuable Asset by Andy Borgia Co-Founder, DI4MDs As an Emergency Physician you have invested at least 25 years to prepare for your medical career. Your ability to practice your medical specialty is your most valuable asset and, as with any important asset, it should be protected....
