Disability Insurance Made Especially for Physicians
What is the best disability insurance for physicians? While there are many types of long term disability insurance, the best kind will fit your specialty, and is made especially for doctors.
Other insurance may pay only if you’re unable to perform the duties of your own occupation, and you’re not working in any other occupation. Still others pay only if you cannot work in any occupation for which you are reasonably qualified.
Great News for Physicians!
You can apply for disability insurance coverage with a true own-occupation definition of total disability.
Why does the definition of total disability matter?
The core of any disability income policy, the definition of total disability, outlines what constitutes being totally disabled. Some policies pay benefits if you’re unable to perform the duties of your own occupation, even if you are at work in another occupation.
Why true own-occupation?
A true own-occupation definition of total disability makes it possible for you to work in another occupation and still be eligible for total disability benefits. And, if you are a physician who has limited your occupation to the performance of the duties of a single medical specialty, we consider that specialty to be your occupation.
An Example of Own Occupation Disability Insurance
Let’s say you are a cardiothoracic surgeon who has limited your occupation to performing the surgical duties of this specialty. You suffer a serious injury or sickness that prevents you from performing those duties.
Under the true own-occupation definition of total disability, with its specialty language, you could continue to be considered totally disabled even if you decided to work in another capacity. If you remained totally disabled, the amount of income earned in your new career would not affect your disability benefit.
Safeguard Your Investment
You’ve invested so much in preparing for a career that will provide you with the income to achieve your financial goals. Find out how you can safeguard your income and practice by contacting us today.
Learn About the Best Disability Insurance for Physicians
Learn more, quote and apply: Physician’s Own Occupation Disability Insurance
Download a flyer on physician’s disability insurance coverage with a true own-occupation definition.
I’m Your Advocate,
Barry Page
Barry Page is an Authorized Infinite Banking Practitioner, Managing General Agent, and Founder of Legacy Insurance Agency, PLLC. He helps clients with tax-advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives using a unique approach to financial planning.
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