DISABILITY INSURANCE FOR PHYSICIANS
OUR SPECIALTY IS PROTECTING YOUR SPECIALTY
Over 2,000 physicians have trusted us to develop comprehensive disability insurance and tax-free retirement strategies for them and their families.
Our CEO, Nick Trawinski, has been supporting physicians with their disability and other insurance needs for over 14 years, and is considered an industry expert.
Our speciality is helping you protect the wealth you've earned in your specialty, and we've placed more than $100,000,000 in disability insurance coverage protection.
ALL 6 CARRIERS
There are only 6 carriers offering TRUE Own Specialty Disability Insurance and we work with all of them.
Use our proprietary disability insurance evaluation tool to and get a detailed coverage profile, disability rating and recommendations that ensure you have the proper coverage for your specialty.
Compare all true own speciality disability insurance carriers’ coverage to each other, association plans, group plans and more. Know the fine-print, limitations, options and specifics to ensure you have the right coverage.
Why is the “definition of disabled” so important?
This definition is what your disability insurance carrier uses to determine when, or if, they consider you disabled and eligible to receive your benefit payments.
Being disabled cannot simply be defined as a sickness or injury that prevents you from “working”. Based on your education and experience in becoming a physician, it is going to take a lot to prevent you from “working” in some capacity.
Your disability insurance policy must define you as disabled if a sickness or injury makes it so you are no longer able, or you are no longer comfortable, working as a physician – and it should not penalize you if you engage in another occupation.
As with many important decisions; the devil is in the details… This is very true when it comes to disability insurance, and the carriers make the details and specifics of their policies a challenge to understand.
Does your policy say: “We will consider you disabled when you cannot perform the duties as a physician, and you prove to us that you cannot perform the duties of any other reasonable occupation?”
This definition is offered by some group policies and is not desirable.
Does your policy say: “We will consider you disabled when you cannot perform the duties as a physician, so long as you are not gainfully employed in any other occupation from now until the age of 65”.
This definition is offered through some group policies, the AMA and other professional medical association plans, and is also not desirable.
Your policy should say: “You are considered totally disabled when you are unable to work as a physician, and we will still consider you totally disabled even if you work in another occupation”.
This definition of disabled is the only one considered TRUE Own Specialty, and the type of coverage you should have. This means if you cannot continue working as a physician, you can do something else AND collect your tax-free disability benefit.
Which carriers offer Own Occupation Disability Insurance for Physicians?
True Own Occupation Disability Insurance, also known as Own Specialty Disability Insurance, is only available through one of these six, A-rated insurance carriers:
Please use our comparison tool to evaluate the differences between the coverage options offered.
Why are group or association insurance plans less expensive than individual insurance?
Group and association plans are less expensive because the do not offer the same level of coverage or financial protection. With group and association plans:
- You can lose your benefit if you decide to work in another field or position
- Group policies can be changed or cancelled by the insurance company
- Your rates will greatly increase over time with an association plan
- Claims are paid in fewer scenarios because of the limited definition of disability
Questions about your existing coverage or obtaining new coverage?
Call us at 800-997-0148 or schedule a call below.