As a physician, you have made a significant investment of time, energy and money into building a career with the promise of being rewarded financially for your efforts. But, should an accident or sickness prevent you from performing one or more of your duties, your income decreases or disappears. You insure your home, your car, your health and maybe your life. But what about your most value asset? Your ability to earn an income. Disability Insurance solves this need. Disability Insurance is the foundation of any good financial plan.
As a physician, you have made a significant investment of time, energy and money into building a career with the promise of being rewarded financially for your efforts.
As a physician, you have made a significant investment of time, energy and money into building a career with the promise of being rewarded financially for your efforts.
As a physician, you have made a significant investment of time, energy and money into building a career with the promise of being rewarded financially for your efforts.
As a physician, you have made a significant investment of time, energy and money into building a career with the promise of being rewarded financially for your efforts.
As a physician, you have made a significant investment of time, energy and money into building a career with the promise of being rewarded financially for your efforts.
As a physician, you have made a significant investment of time, energy and money into building a career with the promise of being rewarded financially for your efforts.
As a physician, you have made a significant investment of time, energy and money into building a career with the promise of being rewarded financially for your efforts.
This is your partial disability coverage. You would need to suffer a 15% loss of income due to a sickness or injury. A 75% loss is deemed totally disabled even though you are still working.
very company calls it something different. This is the rider that protects you in your specialty.
Cost of Living Adjustment – After one year of Total disability, your benefit will increase based on the rider you selected at issue. Most companies offer a 3 % or 6% compounded adjustment.
Also know Guaranteed Insurability Option. This allows you to increase your monthly benefit at some point in the future regardless of your health status. You cannot be disabled and your income needs to have increased
Automatic Benefit Indexing – Your monthly benefit increases each year by 3% – 5% depending on the company. Typically, the rider has no cost.
This pays a set amount over and above your basic monthly benefit for to repay your student loans. 10 year and 15 year benefit periods are available
Covers your contribution into your retirement account.
If you suffer a catastrophic disability (both eyes, both arms, both legs, one arm and one leg) an additional benefit of up to $10,000 a month is available.
As with all of these riders, each company has different variations for everything. Please refer to the actual contract for details.
Scureman & Associates Insurance offers free, comparative quotes on disability income for physicians from multiple insurance carriers so you can get the best possible rate.
Want to see how much we can save you? Just request a quote to find out.
