New Life Insurance Discount Options!
We all look for a deal, but, unfortunately, there are not many ‘deals’ in the life insurance business. I’m please to write that there is now a glimmer of hope. A few carriers allow what is called Same Payer Discounts. This means that if we have a single person, spouses, or even business partners who […]
What Can I Expect from a Paramedical Examination?
A Paramedical Examination is required as a routine part of an Own-Occupation Physician Disability or Life Insurance application. The results from the exam are an important component of your personal policy. Here’s what to expect, and a few tips to keep in mind. An examiner will contact you to either schedule or confirm a date/time […]
The Difference Between Short-Term and Long-Term Disability Insurance
Both short-term and long-term physician disability insurance are designed to provide income replacement to you in the event you are not able to work due to injury or sickness. The difference between these two types of policies is the amount of time they are designed to sustain your income. But when, exactly, would your disability […]
Exclusion Riders—Not Always Too Exclusive
Occasionally I take an application from a doctor who has a history of an injury, disease, or other disorder that has a higher than normal risk of causing future problems. Rather than decline the application, often insurance underwriters will agree to issue a regular policy that covers everything except that problem. This allows the applicant […]
Don’t Forget About Business Overhead Expense Insurance!
When a physician who owns his or her own practice comes to one of our agents, the breadth of coverage to consider is often not understood. Being able to keep your business doors open and your operation running at full capacity while you are disabled shouldn’t be overlooked or disregarded so easily. There is coverage […]
Exclusion Rider to the Rescue
I recently had a high-income radiologist apply for disability income insurance. He told me up front that he would not take the policy if it came with an exclusion for one of his fingers. Two years earlier, he hurt the finger while playing soccer. He had to have a ligament repaired, but now the finger […]
Consider Term Life Insurance, Too
We understand your primary motivation to obtain physician disability insurance is most likely to protect your loved ones. We also understand you want to care for your loved ones even after your passing. You may think of us for disability insurance, but we also have extensive experience with term life insurance. Here’s a quick overview […]
Video Tip: Is Your Physician Disability Benefit Taxable?
You may or may not have to pay taxes on the benefits you collects from a disability claim. It depends on how your physician disability insurance premiums are paid. This 3-minute video explains this in more detail, and shares if your premiums are deductible. Video: Is Your Physician Disability Insurance Benefit Taxable? This thorough blog […]
Why Your Birthday May Be the Perfect Motivator
Most of the uninsured doctors I talk with really want to get disability insurance, but they struggle to find a few minutes to fill out the application. Sure, they understand the importance of getting a good policy before something happens to their health in order to protect their families financially. Still, they get busy and […]
Act Fast – High Disability Benefit Opportunity Ending Soon!
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. […]
Want a Free Quote and No Sales Pitch?
We all like free stuff. But if we have to provide our contact information… well, forget it. We think sales calls are certain to follow, and it just isn’t worth the hassle. I offer free quotes for physician disability insurance, but I have no interest in making sales pitches. I’m not good at them anyway. […]
Benefit Tip: Guarantee Your Insurability with the Future Increase Rider
As you age, your physician disability insurance policy may not allow you to increase your coverage, or it may exclude certain conditions from coverage. However, if you have a Future Increase Option in your policy, you may not have to worry about these restrictions. We have a short, 2-minute video that explains this benefit: How […]