“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 […]
How to Increase Your Physician Disability Insurance Coverage Without Medical Underwriting
Have you ever wondered if there is a way you can increase your physician disability insurance coverage without going through another finger prick or by providing a urine sample? Condsider the Future Increase Option Rider and/or the Future Purchase Option Rider (name dependent on carrier but they are one in the same). It can help […]
Announcing a New Discount for HTPN Physicians on their Disability Insurance
If you are a HTPN physician, I have some great news for your disability insurance! You may be eligible to receive deeply discounted disability insurance premiums by utilizing the “Unisex-rated” policy. Some highlights of a “Unisex – rated” policy: • Each policy provides a true, own occupation/specialty definition of disability. The premiums are all fixed […]
How to Get Through the Physician Disability Underwriting Process Quickly
We have all been there before… a long line at the grocery store, the never ending wait at the DMV. Well, with acquiring Disability Insurance, you don’t have to dread the underwriting process any longer if you follow these simple rules. 1. Take about 10-20 minutes out of your day to fill out the Disability […]
Physician Disability Insurance Checklist: Does the A.C.S. Plan Pass? (Part 2 of 2)
In our last post earlier this week, we started to put the American College of Surgeons (A.C.S.) to the “test” – comparing the physician disability insurance product offered through this association against high-performing private disability insurance. In this final post of this series, we’ll cover two more recurring topics presented from respected magazines, such as […]
Physician Disability Insurance Checklist: Does the A.C.S. Plan Pass? (Part 1 of 2)
It is very important to “test” your physician disability insurance coverage before you have a serious illness or injury. Over the past few months, we have been “testing” coverage from various group plans. In this two part post, we will be looking at the American College of Surgeons (A.C.S.) plan and comparing it to high-performing […]
Physician Disability Contract Pricing
ave you ever wondered how a physician disability contract is priced? When a carrier looks at applicants for a doctor’s disability insurance policy, they develop a picture of issues in their lives that indicate the possibility of disability. These issues include age, gender, avocations, occupations, current health status, and family history. In addition, each state […]