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 […]

“One Thing I Should Have Done is Upgrade My Insurance”

Several years ago, I spoke with a lawyer who was receiving physician disability income benefits. He didn’t start out as a lawyer. He was actually a dentist originally, but a back injury ended his dental career. Fortunately he had disability income insurance with an own occupation definition of disability that allowed him to work in […]

High Disability Benefit Opportunity Ending Soon!

Upper income physicians who are interested in getting a high $35,000 monthly income benefit from their disability insurance need to act soon. The disability provider with the highest limits announced last week that they will no longer be offering their products directly to physicians after September 1. Though this company will remain in the disability […]

What Happens After You Recover From A Disability?

This seems like a simple question, right? You end care with your treating physician and return back to work. Well, let’s look a little closer at what happens after you return from a Total or Residual (partial) Disability. If you are a salaried (non-owner) physician, then hopefully you will find a new position at a […]

Your Association Physician Disability Plan Was Cancelled—Now What?

I received a call the other week from a 54 year-old physician whose disability insurance had been cancelled after 20 years simply because the disability insurer no longer wanted the business. Not only did this doctor loose the coverage he paid into for over 20 years, he was now in the unfortunate position of needing […]

Changes from MetLife to Starting Practice Limits and Physician Disability Insurance Coverage

Attention residents, fellows and interns: MetLife made changes! Starting practice limits for medical residents, fellows, and interns have been raised to $6,000/mo. Additionally, medical residents who are within six months of completing their residency can be considered for doctor’s disability insurance coverage up to the limit for physicians – $7,500/mo in individual disability insurance and […]

When You Have Money, Will You Cancel Your Fire Insurance?

As a physician with an established career, let’s suppose you have done well with your income and investments over the years. Well enough, in fact, that you now have sufficient cash to easily buy a new house if yours burns down. Therefore, you are going to cancel your fire insurance, right? Of course not. Your […]