Great news! If you are a surgeon you might be able to substantially reduce the premiums you pay for your physician disability insurance. Surgeons for many years have had to pay more for disability insurance than doctors working in many other specialties. A recent change may grant you a new opportunity.
In a case we recently put together for a surgeon, we were able to offer him a 15% premium discount!
The company we work with offering the best own-specialty physician disability contract upgraded the classification for surgeons. This means that if a surgeon were to purchase a new policy today, he would pay less money than if he had purchased it before the upgrade.
In a case we recently put together for a surgeon, we were able to offer him a 15% premium discount! The insurance carrier authorized premium discounts for our clients because of the number of physicians for whom we handle disability insurance. We submitted the doctor’s application and when the policy was issued the annual premium was $1300 less than he had expected to pay since the upgrade happened while his application was in underwriting. Needless to say, he liked that. In fact, he was very excited about saving $26,000 over the next 20 years of his career.