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Disability Insurance for Attending Physicians

Why Doctors Need Disability Insurance

Physician disability insurance is an essential investment in the long-term health of your medical career. But selecting and staying up-to-date with the right policy can feel overwhelming. Let our experience with high-earning medical professionals work for you. We’ll help you customize a plan that meets your unique coverage needs.

How Disability Insurance for Physicians Works

First, we’ll discuss whether you have an existing policy or not. Most attending physicians already purchased disability insurance during their residency/fellowship. But over 60% of medical professionals are not aware of the language in their original policy and how much monthly benefits or riders they purchased in their current disability insurance plan.

Not only is it important to know the details of your policy, but it’s also a good idea to modify your coverage as your career changes. The reason for that is easy: your disability insurance benefits increase based on your income levels.

When to Update Your Disability Insurance Plan

Has your annual salary increased since you initially purchased your disability insurance? If the answer is yes, it’s time to take another look at your policy.

For every $100,000 of income earned, you can purchase about $5,000 a month in disability insurance benefits.

Speaking with an independent insurance agent who represents the “Big six” companies is the best way to get a second opinion on your current plan. When you work with our experienced team, we’ll:

Maintain an ongoing relationship with you to review your plan every 2-3 years or as your income increases.
Help you understand what your plan offers to know what coverage you have if you get sick or hurt.
Review all of important elements of your plan including definition of disability, your occupation class, plus all of the riders and benefits available.