Residual Benefits of Physician Disability Insurance

The residual benefit for physician disability insurance is probably the most important feature of disability insurance contracts. Very rarely is an individual entirely disabled by an accident; this only accounts for about 8% of disability insurance claims. Most of the time, individuals are partially disabled by an illness. They can still work, but perhaps not as much as they worked before. The residual benefit “fills the gaps” by helping supplement your now-reduced income because of your disability.

For more information on the residual benefit of physician disability insurance: The Residual Definition of Your Physician Disability Policy is Not an Afterthought!

MD Disability Quotes is your source for reliable information about physician disability insurance. Visit http://mddisabilityquotes.com/ and get a free quote for disability insurance today.

What You Will Learn:

• What a Residual Disability Benefit is

• Why partial disability claims are more common than many physicians realize

• How a Residual Disability Rider differs from total disability coverage

• How qualifying income loss can trigger benefits

• The difference between 15% and 20% income-loss thresholds

• How residual disability benefits are calculated

• Why physicians can continue working and still qualify for benefits

• Why many disability insurance experts consider this one of the most important policy features

Chapters:

0:00 Introduction to the Residual Disability Benefit

0:20 Why Residual Benefits Are Often Overlooked

1:00 Why Many Disability Claims Develop Gradually

1:45 How Income Loss Triggers Residual Benefits

2:15 Real-World Example: Calculating a Partial Disability Benefit

2:30 Why Residual Coverage Is So Important for Physicians