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 […]
The Statistics Behind Physicians Becoming Disabled (A Case Study)
Today I spoke with a young dentist who is trying to figure out if he needs physician disability insurance. He asked me, “What are my chances of becoming disabled?” Even though I have specialized in physician disability insurance for over 30 years, I still had to stop and think. I didn’t have an exact answer. […]
Are You Paying High Female Premium Rates for Your Physician Disability Policy?
Women usually have a good deal when it comes to life insurance. They might typically pay 20% to 40% less than men. But unfortunately, disability insurance premiums for women are usually much higher. Depending on the age and company, rates of 40% to 60% higher are common. Is there anything you can do? Maybe. I […]
The Disability Component of Buy-Sell Agreements (Part 2 of 2)
In our last post, we started the discussion of buy-sell agreements for physicians and explained how the disability component of these agreements is often overlooked. Disability buy-sell insurance is, simply put, an insurance contract that states that after a period of time being disabled, you, your practice or your partners will be given a benefit […]
The Disability Component of Buy-Sell Agreements (Part 1 of 2)
For physicians in medical practices, the concept of a “buy-sell” agreement is not new. In fact, if you’re like most medical practices, you probably already have such an agreement in place. Most agreements do a good job covering how to handle the death of a partner, but most never address the questions, “What if my […]
Physician Disability Insurance Checklist: Does the A.C.P. Plan Pass? (Part 2 of 2)
In our last post earlier this week, we started to put the American College of Physicians (A.C.P.) 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.P. Plan Pass? (Part 1 of 2)
rivate Practice, Money Magazine and Consumer Reports to help you make an informed decision about disability insurance. In this two part post, we will be using recurring topics from these articles to compare the disability insurance product offered through the A.C.P. against high-performing private disability insurance. It is very important – and very common – to […]