A Paramedical Examination is required as a routine part of an Own-Occupation Physician Disability or Life Insurance application. The results from the exam are an important component of your personal policy. Here’s what to expect, and a few tips to keep in mind.
You may or may not have to pay taxes on the benefits you collects from a disability claim. It depends on how your physician disability insurance premiums are paid. This 3-minute video explains this in more detail, and shares if your premiums are deductible.
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!
We all like free stuff. But if we have to provide our contact information… well, forget it. We think sales calls are certain to follow, and it just isn’t worth the hassle.
I offer free quotes for physician disability insurance, but I have no interest in making sales pitches. I’m not good at them anyway. So why do I want your contact information?
I received an email this morning from the wife of a surgeon whom I spoke with years ago. She was hoping her husband had some physician disability insurance with me – some insurance they could use now because he is becoming disabled. She didn’t tell me the details of his disability, but it is too late for them anyway. I didn’t have good news for her.
July 4, 2016 represents 240 years since our great nation was born! Our history is that of farmers, explorers and ship builders that led us to now be – arguably – the economically rich and powerful country in the world.
We are excited to announce that Johns Hopkins gets a new Unisex female and male discount of 30% through our firm.
Our firm works with all of the major carriers that offer own-specialty disability insurance for physicians. Our long-term relationships with each of these carriers and underwriting departments greatly benefit our physician clients.
Several years ago, I spoke with a lawyer who was receiving physician disability income benefits. He didn’t start out as a lawyer. He was actually a dentist originally, but a back injury ended his dental career. Fortunately he had disability income insurance with an own occupation definition of disability that allowed him to work in a new occupation and still receive the full benefits. He was able to live on the benefits and go to law school. Then he continued to receive the benefits while working as a lawyer.
This lawyer is quick to say that he would not have made it financially without the disability income insurance, but he still wishes he had done a better job of updating his policy.
Upper income physicians who are interested in getting a high $35,000 monthly income benefit from their disability insurance need to act soon. The disability provider with the highest limits announced last week that they will no longer be offering their products directly to physicians after September 1.
This seems like a simple question, right? You end care with your treating physician and return back to work. Well, let’s look a little closer at what happens after you return from a Total or Residual (partial) Disability.