Premiums for Women May Be Twice as High as Their Male Colleagues – Here’s a Way to Reduce
h as their male colleagues. Why? Because claims history shows that females file for disability insurance benefits at a rate twice as high as men do. Thus, the insurance companies must adjust for the additional risks that come with insuring female doctors by implementing higher and sometimes cost prohibitive premiums. There is a little known […]
The Standard’s Compassionate Disability Benefit for Physicians
s you know the value and vital need of owning a physician disability insurance policy.) What if something adverse were to hit a little closer to home and affected your loved one? Chances are you would cut back your working hours in order to help take care of them. The Standard is an insurance carrier […]
Physician Disability Insurance with a Money Back Guarantee?
That’s right! If you don’t use your disability policy benefits for either Total Disability or Partial/Residual Disability, the carrier will refund you 50% of your premiums every 5 years. This may be a perfect opportunity for those physicians who say, “I’m never going to become disabled,” or “I don’t want to waste my money on […]
Is Life Insurance or Disability Insurance More Important for a Physician?
Although life insurance provides vital protection to a physician’s family, disability insurance gives crucial protection to both the physician’s family and the physician. We all know that if the income earner should pass away, life insurance provides much needed financial support for his/her loved ones. If a physician were to become disabled, the family’s financial […]
What Doctors Need to Watch For as They Choose Disability Insurance
There are a lot of things to consider when purchasing disability insurance for doctors. The policies vary quite a bit, and it is important to fully understand all aspects of a policy before signing the contract. Here are some things to look for in disability insurance for doctors: • Verify that the policy uses the […]
Long Term Disability (LTD) or Long-Term Care (LTC)?
Disability Insurance Disability Insurance is intended to protect you during your working years if you are too sick or injured to work. The benefits will pay you a monthly sum, so you can pay your expenses. Physician disability insurance policies also have a catastrophic disability rider that will pay additional benefits if you are not […]