Good Health Benefit: Decrease Your Doctor Disability Insurance Elimination Period

With any physician disability insurance policy, it is important to make sure you have your basics covered first, i.e. a strong definition of disability (own occupation) and the proper benefit amount to cover your regular monthly expenses. From there, it really comes down to personal preference as to which perks/features cater to your particular situation.

In this interview from MD Disability Quotes, our agents discuss the Good Health benefit. This feature pertains to the elimination period (waiting period) of your policy and will have the greatest impact for younger physicians looking to purchase physician disability insurance. Find out why. Learn more about Doctor Disability Insurance Exclusion Riders here:
http://mddisabilityquotes.com/blog/doctor-disability-exclusion-riders-explained/

What You Will Learn:

• What the disability insurance elimination (waiting) period is.

• How the Good Health Benefit works.

• Why some disability insurance carriers reduce your waiting period over time.

• How remaining claim-free can shorten the time before benefits begin.

• How a 90-day elimination period can eventually become much shorter.

• Why policy features beyond premium and benefit amount deserve careful consideration.

• How contract details can help distinguish one physician disability insurance policy from another.

Chapters:

0:00 Introduction: Comparing Disability Insurance Contract Features

0:34 What Is the Good Health Benefit?

1:21 How the Elimination Period Shrinks Over Time

1:57 Why a Shorter Waiting Period Matters During a Claim

2:03 Helping Clients Understand This Valuable Benefit

2:23 Why the Good Health Benefit Can Be a Policy Differentiator