What Is True Own-Occupation Disability Insurance?
True own-occupation disability insurance is designed to protect a physician’s ability to perform the specific duties of their medical specialty, not simply their ability to earn an income. Understanding how true own-occupation differs from modified or time-limited definitions can help physicians choose coverage that better protects their career and future earning potential.
Why Choosing the Right Disability Insurance Advisor Matters
Choosing the right disability insurance advisor can make a meaningful difference in how effectively a physician’s income is protected. Learn why accuracy, efficient underwriting, customized policy design, and objective guidance are essential when building a disability insurance strategy around your specialty, income, and long-term goals.
What Is a COLA Rider in Disability Insurance?
A Cost of Living Adjustment (COLA) rider can help a physician’s disability insurance benefits keep pace with inflation during a long-term claim, but is the added cost always worth it? Learn how COLA riders work, when they provide the most value, and why increasing your base disability benefit may sometimes be a more practical income protection strategy.
How Much Disability Insurance Do You Qualify For?
The amount of disability insurance you need is based on your personal situation. This table represents the maximum amount you may qualify for given your annual earned income. * Monthly Maximum Benefit for Individually Owned Policy Paid for with after tax Income.** Monthly Maximum Benefit for Individually Owned / after tax paid Policy combined with […]
The Financial Impact of Disability
What is your most valuable financial asset and are you protecting it? It’s not your House or Car which you insure? And it’s probably not your investments or any other asset you own. Your most important financial asset is YOU and your ability to earn income. Think of yourself as the goose that lays the […]
MassMutual Releases Free 3-Year Term Life Insurance Policy for Health Providers
MassMutual released a special program for a limited time for healthcare providers. If you work in a licensed hospital, urgent care center, or as an emergency medical service provider, you can take advantage of the MassMutual HealthBridge Program. The program allows you to apply for a free 3-year term life insurance policy if you live […]
Physicians Needing Own Occupation Now Have More Options When Shopping for Their Coverage
When shopping for Own Occupation coverage to protect your specialty, it is important to learn about all options that are available to you as well as paying attention to the price-per-dollar of coverage. This is why we wanted to make you aware of product changes at Guardian. A quick disclaimer as we begin, to let […]
Case Study: An Active Duty Physician Was Declined for Coverage Due to Diving Stipend
Did you know that military physicians have different guidelines when it comes to buying disability insurance? The guidelines can often be confusing which is where we can help. This article will walk you through a quick overview of how this works and if you want a bird’s eye view, please visit our Military Physician resource […]
Understanding Terminal Illness Riders in Life Insurance Contracts: A Guide for Physicians
A Terminal Illness Rider is a living benefit included in many life insurance policies that may allow you to access a portion of your death benefit while you’re still living if you’re diagnosed with a qualifying terminal illness. The amount received is generally deducted from the policy’s death benefit, reducing what is ultimately paid to […]
How Mental/Nervous Coverage Affects Physician Disability Insurance
Mental/Nervous coverage can often be misunderstood inside an individual disability insurance policy. Some policies provide benefits for qualifying mental health disabilities through the full benefit period, while others offer the option to limit Mental/Nervous benefits to 24 months in exchange for a reduced premium. Understanding this provision before purchasing coverage can help physicians make more […]
Non-Traditional Family Planning Is On the Rise: 3 Steps to Get Your Family Prepared
Thankfully, in the last few decades, society has become a much more tolerant place for unconventional family arrangements. As more and more people begin to live in a way that suits them best, non-traditional family planning is rising. If your family is one of the many non-traditional family arrangements in the USA, it’s essential to […]
Are there Disability Insurance discounts after training? The Resident Discount Myth
Every June, we have a transition of graduates – either those from medical school going to training or those who have been training and are now heading to practice. Also around this time, we see people doing a mad dash to buy their disability insurance by June 30th. This deadline date, however, is a myth […]