Went Fishing and Got Hooked!
Last week my family and I were on vacation in Key Largo and it was the first time we spent any real amount of time fishing. Now, I am not talking all day, but in the evenings we would go out to the pier the condo had, bait up some hooks with shrimp, and then […]
Time for a Semi-Annual Check Up
Can you believe it? It seems like just yesterday we were watching the ball drop on New Year’s Eve and now Independence Day has already come and gone. Being that we are half way through 2016, have you had your disability insurance policy reviewed recently? In most cases, this review does not mean you need […]
Benefit Tip: The Good Health Benefit on Your Physician Disability Insurance
A number of auto insurance companies will reward their customers’ safe driving behaviors by providing a premium reduction or perhaps an added benefit to their policy. Likewise with disability insurance, Ameritas has a built-in provision called the Good Health Benefit. How It Works For every consecutive policy year you complete without receiving any benefits under […]
The AMA Physician Disability Policy—Is it Good Enough?
A rheumatologist told me this week that his AMA disability policy is a good plan because it covers a large group of physicians and the AMA used all that buying power to get the doctors a very good deal. Though he was content with the AMA plan, he asked me to take his policy certificate […]
“I Hope My Agent Sold Me Disability Insurance!”
I received an email this morning from the wife of a surgeon whom I spoke with years ago. She was hoping her husband had some physician disability insurance with me – some insurance they could use now because he is becoming disabled. She didn’t tell me the details of his disability, but it is too […]
Wishing You a Safe 4th of July! (Because We Just Looked at the Stats)
July 4, 2016 represents 240 years since our great nation was born! Our history is that of farmers, explorers and ship builders that led us to now be – arguably – the economically rich and powerful country in the world. As independence is celebrated this weekend many of us will go watch fireworks, have picnic […]
Announcing a Large Unisex Discount for Johns Hopkins
We are excited to announce that Johns Hopkins gets a new Unisex female and male discount of 30% through our firm. Our firm works with all of the major carriers that offer own-specialty disability insurance for physicians. Our long-term relationships with each of these carriers and underwriting departments greatly benefit our physician clients. Even if […]
The Misunderstood Catastrophic Disability Benefit
The Catastrophic Rider of a physician disability insurance policy is frequently misunderstood, or misrepresented. While it does provide additional benefit dollars, there are also additional restrictions one must meet in order to qualify for the added benefit. Essentially, there are ‘6 Activities of Daily Living’ to consider: If you are unable to perform 2 of […]
Elimination Period—What You Need to Know
I have a client who was recently diagnosed with cancer. This physician quit working 32 days ago and began chemotherapy. He tells me he needs his disability benefits right away because he has no income coming in at all. Fortunately, his policy has a “Good Health Benefit” which reduces the elimination period. For this physician, […]
Is a Physician’s Disability Tied to Foreclosure?
What do foreclosures and disabilities have in common? A lot! It turns out that almost 50% of foreclosures involve disability of the family breadwinner. But surprisingly, only about 3% of foreclosures are a result of death. So if you want to protect your family financially, which type of insurance is more important? Obviously, the physician […]
Major Provider Announces Physician Disability Insurance Premium Reductions
Ameritas has some great news to share: in late 2015 – in approved states – female rates for their physician disability contracts were reduced! For their DInamic Foundation Non-cancelable and Guaranteed Renewable as well as Guaranteed Renewable disability income contracts, Ameritas lowered their premium rates for occupation classes 6M-4M. The reduction is as much as […]
Physician Disability Insurance Benefit Limits Increase
Wow, it seems just a few years ago we were saying the opposite: “Physician disability benefit limits to be reduced; buy it now while you still can.” That simply is the not the case anymore as carrier after carrier has decided to increase their issue limits. I don’t mean to sound the alarm, but if […]