Frequently Asked Questions

1. From start to finish, M.D. Disability Quotes walks you through the process of applying for physician disability insurance and takes the uncertainty and concern out of finding the coverage that’s right for you. Here’s how:
   Submit your information in the Get a Quote section or contact our office via email or phone. We’ll work directly with you to determine your exact needs and to ensure that the right coverage is applied for.
2. Complete the application that will be emailed or sent to you via FedEx or UPS. Completing the application usually takes only about 5-10 minutes. The insurance companies will require you to provide verification of your income by submitting tax documents.
3. Return the application and tax documents to our office via fax, email or overnight envelope at no cost to you.
4. Complete the phone inspection, which should take no more than 10 minutes. We’ll provide you with the call-in number.
5. A Paramed Exam will be scheduled. The exam will take only 15-20 minutes and include a quick blood draw, UA, and on occasion, based on higher benefit amounts, a resting EKG. Your exam can be completed from the convenience of your home or office any time of day or night, Monday through Saturday.
6. The application is processed. Carriers can order medical records, driving records, etc., to determine eligibility. It can take from 3-6 weeks to receive your disability insurance contract, based in large part upon the turnaround time for which your physicians submit your requested and pre-paid medical records. (Note: Occasionally, we may request your help in acquiring these records in order to expedite your contract offer.)
7. Your new disability insurance contract offer is received. We’ll scrub the contract for accuracy and then present the details to you for review.
8. Sign your contract, submit payment for the policy and return via the enclosed pre-paid overnight package. With your policy now in force, you’ll have the peace of mind that comes from knowing you’ve provided for you and your family one of the best disability contracts on the market. Then, typically on an annual basis, we’ll send you either a future-purchase option or automatic-coverage-increase option to ensure that you have the most appropriate coverage possible.

here are many variables to consider when determining the amount of life insurance you may need but a general rule of thumb is an amount 10 to 15 times your gross income. However, we understand that each household has a different set of goals and dependents so this amount can vary. Click below for an Insurance Needs Calculator by Life Happens, A Non Profit Organization.

If someone depends on you financially, you are most likely someone who needs life insurance.

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Life insurance provides cash to your family or loved ones after your death. This cash, known as the death benefit, replaces your income and the many non-paid ways to support your household. Your family can use this cash to pay for expenses like funeral costs, a mortgage, college tuition and more. Additionally, funds can cover estate planning needs and leave behind money to a charitable foundation that you are fond of.

Life Insurance is a way to transfer risk away from your family or dependents you are responsible for, by providing them with cash payment called a death benefit. The goal is to leave enough cash behind to pay for expenses that your income would otherwise cover.

We work in all areas of: Disability insurance Business-overhead insurance Life insurance Long-term-care insurance If you have further questions, call or e-mail us today.

The answer depends on both your medical history and your present health status. At M.D. Disability Quotes, our long-term experience in guiding our physician clients with health issues is where we create value for you. Providing us with a brief but complete description of the issue, including treatments, m

M.D. Disability Quotes provides quotes in 24 hours or less. Once you're ready to apply for disability coverage, it typically takes between three to eight weeks for a policy to be received and implemented. The sooner a Paramed Exam is taken, an Attending Physician Statement is secured and income verification documents are provided, the more timely your coverage can go into effect.

Contracts are age, gender, medical specialty, state-of-residency, and state-of-health specific, so the longer you wait, the more expensive

The cost is dependent on age, gender, medical specialty, state of residency, place of employment and medical history. Give us a call or e-mail us for a custom disability insurance quote.

Many representatives or agents will tell you to buy all you can afford. That answer is typically a commission-driven recommendation. We recommend that you buy the amount of coverage you need to take care of your household living expenses with a future purchase option to increase your contract if and when you financial needs change.

Our Own Specialty is the strongest definition for coverage in the marketplace. It's the best coverage to protect you and prevent insurance companies from denying your claim. Own Specialty supersedes Own Occupation coverage in that it simply states that if you cannot do your medical sub-specialty then you get paid full benefits regardless of future income from other occupations. If you're an MD or DO, that is your occupation. Your specialty is the type of medicine you practice. You want coverage to protect you in case you're no longer able to practice your specialty.

The probability of a white-collar worker becoming disabled for 90 days or longer between the ages of 35 and 65 is 27 percent for men and 34 percent for women. A 35 year old, white collar male who suffers a disability lasting 90 days or longer will be out of work for an average of about six years.¹ The odds of death are less than disability from ages 25 to 60.

At age 35 the chances of Disability are 6.1 times greater than death.²What are the most common causes of disability? Many people think of freak accidents as the most common causes of disability. While they happen, approximately 95% of disabilities are caused by illnesses rather than accidents.³Leading causes of new disability claims in 2010:³

Musculoskeletal/connective tissue disorders caused 27.5% of new claims. Examples include neck and back pain; joint, muscle and tendon disorders; foot, ankle and hand disorders, etc.

Cancer caused 14.6% of new claims.

Injuries and Poisoning caused 10.3% of new claims.

Cardiovascular/circulatory disorders, including Strokes, caused 9.1% of new claims.

¹ Life and Health Insurance Foundation for Education (LIFE), New Study Sheds light on American’s Real Risk of Disability, Press Release, May 2007. ² Health Affairs, The Policy Journal of the Health Sphere, 2 February 2005 ³ Council for Disability Awareness, Long-Term Disability Claims Review, 2011

Long-term own occupation disability insurance provides tax-free monthly benefits to you, your family and your business. The right coverage provides the monthly income you need to protect your family and business when you cannot work in your specialty due to an injury or illness.