The difference between Disability Insurance Policies
You may have heard of own-occupation or specialty specific disability insurance. This is exactly the type of disability insurance a physician needs to secure. However, you must be very careful as may companies claim to have own-occupation disability, but their contracts do not contain a true own-occupation definition of disability.
True Own-Occupation: Covers physicians who become disabled and are unable to perform the material and substantial duties of their occupational (specialty). The policy will continue to pay benefits as long as you are disabled even if you can work full-time in another occupation.
We are independent and unbiased... but what does that mean?
Most physicians should employ the services of a financial professional to assist in their acquisition of disability insurance.
The greatest financial asset you will ever own is your your career income!
Protect your most valuable asset with true, own-occupation physician disability insurance. You would insure a car that is worth $30,000 and a house that is worth $250,000. Shouldn't you insure your career income which is worth tens of millions of dollars???Physician Disability Insurance Facts:
- 1 in 4 Americans in the workforce will suffer a disabling injury before retirement 350,000 bankruptcies per year can be attributed to unexpected injuries or illnesses
- 65% of applicants for disability benefits through Social Security are denied the first time
- If you can't practice as a physician, who will provide income for you?
Contact us today and let our physician-only Advisors assess your financial picture, future goals, and any health concerns you may have and provide you with your best options for a true, own-occupation physician disability insurance policy.