What is the Average Cost of Physician Disability Insurance?
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...
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Tags: Disability Insurance, FAQ
How Do I Compare Disability Insurance Plans for Physicians?
Physicians looking to secure their private disability insurance coverage often find themselves struggling to get correct, current, and consistent information. These are the two ways a physician can go about comparing and contrasting their disability options...
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Tags: Disability Insurance, FAQ
How Do I Get a Physician Disability Insurance Policy?
Physicians should always look to obtain disability insurance from an independent insurance broker/agent. An independent agent ought to be able to provide quotes and policies from any of the "Big 6" disability insurance companies (Principal, Guardian, Ameritas, Mass Mutual, Standard, and Ohio National).
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Training Discounts and Physician Disability Insurance (or Why Sooner is Better than Later)
As a medical professional you definitely know that there is no way to truly prevent a disability—but there are ways to eliminate the devastating financial consequences that can occur as a result of a disabling injury.
If you're not protected, a disabling illness or injury can create financial issues, including increased debt. No one wants to consider the possibility of such an injury, but considering disability insurance while in training has tangible benefits.
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Tags: Disability Insurance
What is True Own-occupation Disability Coverage for Physicians?
True own-occupation means that you would be deemed disabled if you are unable to perform the material and substantial duties of your occupation (medical specialty) AND your benefits do not change even if you make an income (gainfully) employed in another occupation or specialty.
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Tags: Disability Insurance, FAQ
Physician Contracts: From Compensation to Termination
Employment contracts are definitely a big and complicated topic, especially because they’re written in legal language that few (except attorneys!) are fluent in.
In this post, we’re going to give you a primer about physician employment contracts from payment and compensation, to duties and responsibilities, to termination.
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Physician Contracts: From Restrictive Covenants to Malpractice
Employment contracts are definitely a big and complicated topic, especially because they’re written in legal language that few (except attorneys!) are fluent in.
In this post, we’re going to give you a primer about physician employment contracts from restrictive covenants, to indemnification, to malpractice insurance.
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Top 3 Reasons to Work with an Independent Insurance Agent
If you’re shopping for a disability insurance policy, you may not be sure if it would be better to go directly through the insurance companies or to work with an independent agency.
In this article we’ll go through the pros and cons of working with an independent agency and how you can get the best disability insurance policy for you.
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Tags: Disability Insurance
Can Physicians Achieve Work-Life Balance?
Many physicians go through years of school and training due to a true vocation for the work of healing.
Physicians are especially susceptible to professional burnout—a feeling characterized by emotional exhaustion, a loss of enthusiasm for work, feelings of cynicism, and a low sense of personal accomplishment. Due to passion for their work, physicians may experience conflicts between caring for patients and caring for themselves.
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Tags: Work-Life Balance