Doctor Insurance Group
Premium Disability Insurance Savings Over Time
March 14, 2019

Premium Disability Insurance Savings Over Time

Premium Disability Insurance Savings Over Time
When combined with taxes, social security, and malpractice insurance, disability insurance can seem like one more expense; but as a young physician, disability insurance is necessary for protecting your future. Out of today’s 20-year-olds, more than one in four can expect to suffer a disability lasting 90 days or more before they reach retirement age. The most common reasons for long-term disability are musculoskeletal disorders, cancers, and injuries such as fractures, sprains, and strains of muscles and ligaments. In the event of a disability, insurance is crucial.

Level Premiums
Because you’re less likely to use disability insurance the younger you are, insurance companies typically charge less the earlier you opt for insurance. When you lock in a disability insurance plan with level premiums as a young physician, you’ll pay the same price 20 years from now. In other words, as your business and reputation grow — along with your income — the monthly premium remains unchanged.

Flexibility
As a young physician, you may be limited to how much coverage you can purchase. This means that your benefit amount will not equal your future needs. Luckily, as your income and needs increase, you can subsequently increase your amount of disability insurance to ensure you are protected in the event of a long-term illness or injury.

Finding the Best Coverage
One of the most important aspects of disability insurance is True Own Specialty coverage. This coverage allows you to earn an income in another capacity while you use disability insurance. Only half a dozen carriers in the United States offer True Own Specialty disability coverage, which means insurance policies must be read very carefully. When you work with Doctor Insurance Group, we will help ensure that you are fully covered in the event of a long-term disability with True Own Specialty disability coverage.

Know the facts, and let Doctor Insurance Group work to find you the best disability insurance for doctors. Because every person has their own individual disability insurance needs, we walk you through the underwriting process, compare carriers, and provide you a written analysis — all at not additional cost. Choosing to speak with us can save you more than money on your monthly premiums; it can save you the peace of mind knowing your family and income are protected.

Best Disability Insurance for Physicians
Best Disability Insurance for Physicians

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Doctor Insurance Group