The Difference Between Short-Term and Long-Term Disability Insurance

Long and Short Term Physician Disability Insurance

Both short-term and long-term physician disability insurance are designed to provide income replacement to you in the event you are not able to work due to injury or sickness. The difference between these two types of policies is the amount of time they are designed to sustain your income. But when, exactly, would your disability fall under short-term or long-term?

Exclusion Riders—Not Always Too Exclusive

Exclusion Riders Not Too Exclusive for Physician Disability Insurance

Occasionally I take an application from a doctor who has a history of an injury, disease, or other disorder that has a higher than normal risk of causing future problems. Rather than decline the application, often insurance underwriters will agree to issue a regular policy that covers everything except that problem. This allows the applicant to still get a policy and have everything else covered at a fair premium rate.

These exclusions are not always completely exclusive, however. The intent of many of these riders is to exclude just the preexisting condition – not all situations that involve the affected area.

Consider Term Life Insurance, Too

Physician Disability and Term Life Insurance

We understand your primary motivation to obtain physician disability insurance is most likely to protect your loved ones. We also understand you want to care for your loved ones even after your passing. You may think of us for disability insurance, but we also have extensive experience with term life insurance. Here’s a quick overview of term life insurance, and why you may want to consider both types of insurance at the same time.

Why Your Birthday May Be the Perfect Motivator

Getting Physician Disability Insurance Before Your Birthday

Most of the uninsured doctors I talk with really want to get disability insurance, but they struggle to find a few minutes to fill out the application. Sure, they understand the importance of getting a good policy before something happens to their health in order to protect their families financially. Still, they get busy and put off completing the application again and again thinking they will have time to do it later.

But one thing that really seems to motivate doctors to take the time to get their insurance is their birthday!

Act Fast – High Disability Benefit Opportunity Ending Soon!

High Physician Disability Benefit Ending Soon

Back in May I shared that the disability provider with the highest limits will no longer be offering their products directly to physicians after September 1st. This deadline is rapidly approaching, so upper income physicians who are interested in getting a high $35,000 monthly income benefit from their disability insurance policy need to act now.

Don’t Forget About Business Overhead Expense Insurance!

Business Overhead Expense Insurance | Physician Disability Insurance

When a physician who owns his or her own practice comes to one of our agents, the breadth of coverage to consider is often not understood. Being able to keep your business doors open and your operation running at full capacity while you are disabled shouldn’t be overlooked or disregarded so easily. There is coverage available that can help minimize the toll business expenses can take not only on your practice, but on your financial situation at home, too.