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.
In the unfortunate incident that you become disabled and your employer releases you from work, you consequently loose your health benefits. Health coverage can typically be in excess of $1,000 per month! Your doctor disability insurance coverage may also contain benefits to help you with these costs.
If you were unable to work due to a serious illness or injury, what would happen to your business? Overhead expenses would continue: rent/mortgage, utilities, malpractice insurance, equipment payments, salaries to key employees, etc. How would you pay for these expenses while disabled when revenues have been reduced or stopped?
Own Occupation Disability Insurance participation limits continue to increase.