Physicians looking to secure their private disability insurance coverage often find themselves struggling to get correct, current, and consistent information. There are two ways a physician can go about comparing and contrasting their disability options.
- Option 1: You can provide your information to each of the "Big 6" insurance companies and request a unique quote. You would need to make sure you are asking for the same riders for each policy so you can get everything apples to apples. Often times the same rider has a unique name at each insurance company.
- Option 2: Reach out to an independent insurance broker. This is an insurance agent or agency who can offer quotes and policies from all 6 of the insurance companies and only collect your information once.
Most physicians find that with their limited free time, Option 2 is the way to go. Many independent brokers will be able to show you quotes for all of the companies, not all.
Not all independent brokers are equal, so you want to be sure to choose one that is not attached more closely to one insurance company than the others (making them biased), has the highest level of discounts available, and can help you easily compare and educate you on all of your options.
When you are ready to compare your "Big 6" disability insurance options, we can help. Simply complete your disability insurance quote request.