First make sure you have a strong policy definition… Then consider the Good Health Benefit.
If you are faced with the choice between 2 strong physician disability insurance policies, certain policy features may help tilt the scales one way or the other. One of our favorite disability insurance policy features is the Good Health Benefit, which can actually shorten your elimination period.
Your disability insurance elimination period (waiting period) refers to length of time that you have to be completely or partially disabled before you are able to qualify for your benefit. While the industry standard is typically 90 days, the Good Health benefit allows you to reduce that waiting period by 2 days for every year that you do not file a claim.
Call or contact us today to learn more. We regularly perform policy reviews to help you understand how hard your policy is working for you.