Physician Disability Insurance

Protect your current and future income with disability insurance.

No matter what stage you are at in your medical career, it is important to protect your income with True Own Occupation disability insurance. Depending on where you’re at in your career, you may be eligible for discounts that will last throughout the life of the policy.

Get A Quote For Income Protection

Quotes

Name

First

Last

Phone

Annual Income

Date of Birth

Gender

Female

Male

State

Current Status

Attending Physician

Fellow

Resident

Medical Student

Specialty Specialty

Medical School

Residency Program

If you are human, leave this field blank.

Important Elements Of A Disability Policy

If you’re interested in obtaining income protection through disability insurance, make sure you know the details about the following:

Definition of Disability: As a physician is it vital that you have a policy that is True Own Occupation. This means if you cannot do your job duties as a physician due to illness or injury within your specialty, you are disabled even if you can work doing something else.
Benefit Amount: Ideally, you would insure your full replacement value of your earnings. Meaning, if you couldn’t work as a physician due to a disability you would have the payment close to your after taxed income prior to the disability. This is typically between 45-60% of income depending on your earnings.
Benefit Period: The length of time your benefits are payable for. This is typically either a length of time (2/5/10 years) or to a certain age (age 62/65/67/70).
Elimination Period: The length of time between the illness or injury and when the disability payments begin. This is often 90 or 180 days, but could be as much as 720 days.
Partial Disability Rider: Most disabilities are not permanent in nature but could prevent you from working normally for a period. A partial disability rider will pay based on the percentage of income that you lost as long as your income declines at least 15-20% due to the injury or illness.
Cost of Living Adjustment (COLA): Provides an increase in benefit to help keep pace with inflation if you’re disabled for longer than a year.

Additional Information

If you would like additional info or want to discuss your options in detail, feel free to call or text our office. You can also reach out to us by email at [email protected].