The cost of physician disability insurance depends on a number of factors. Some of these specific factors are  age, gender, state of residence, occupation (medical specialty), income, employer provided disability benefits, benefit amount, elimination period, benefit period, if any discounts are available, and policy riders. With all of these variables, it is difficult to derive an average cost for a physician disability policy. However, perhaps a couple of examples would be helpful: 

Example 1:

  • Age: 32
  • Gender: Male
  • State: NY
  • Occupation: Orthopedic Surgeon
  • Benefit amount: $5000/mo
  • Benefit period: to age 65
  • Elimination period: 90 days
  • Best discounts available
  • Normal riders included: Residual (partial) disability, Cost of Living Adjustment, Catastrophic Benefit, Future Increase Option

Lowest cost option: $169.85/mo

Average cost: $198.66/mo

Highest cost option: $266.93/mo

Example 2:

  • Age: 32
  • Gender: Female
  • State: CA
  • Occupation: Family Medicine with OB duties
  • Benefit amount: $5000/mo
  • Benefit period: to age 65
  • Elimination period: 90 days
  • Best discounts available
  • Normal riders included: Residual (partial) disability, Cost of Living Adjustment, Catastrophic Benefit, Future Increase Option

Lowest cost option: $200.27/mo

Average cost: $298.48/mo

Highest cost option: $447.75/mo

When all other variables are constant, female disability insurance rates will be higher than male rates. Statistically females are more likely to file a claim causing their rates rise above the males. Conversely, when it comes to life insurance, male rates are higher as they have a shorter life span on average compared to females.

If you have any questions about your specific disability insurance rates, please complete our disability insurance quote request form and will compare all of your true own-occupation (specialty-specific) options.