If you are relying on your employer sponsored long-term disability plan, or if you have a policy through Northwestern Mutual, the AMA, or another professional medical association, then you have inadequate coverage.
“True” Own Specialty Disability Insurance:
- Provides True Own Specialty Disability coverage, which may only be a rider on your current policy
- Allows you to continue to work and earn income in another specialty and still collect your benefit
- Allows you to work within your “own occupation” at a different capacity and still collect your benefit
- Guarantees locked-in premiums, contract renewals and special discounts
- Provides residual disability benefits
- Has accumulated elimination days
- Provides a COLA rider and future increase option
- Provides adequate TAX FREE income
True protection, tailored to your specialty
True Own Specialty coverage protects doctors from the inability to perform the material and substantial duties of their specialty. It does not limit you from continuing to work in your specialty in a different capacity, nor does it limit you from working in a different specialty or business entirely.
Safeguard your investment in the event you can’t work in your chosen profession due to an accident or illness.
Disability coverage is most important to those in the medical field, more-so than in other white-collar professions. You are highly educated, trained, on your feet, and working with your hands 40+ hours a week. You are not simply working 9-5 behind a desk in a low-risk field all day.
If you are relying on your employer sponsored group long-term disability plan, or if you have a policy through Northwestern Mutual, the AMA, or another professional medical association, then you do NOT have “True” Own Specialty Disability Insurance.
We have found that many physicians believe they have “true own specialty disability coverage” through their employer, only to learn they do not after it’s too late. Quite often the coverage provided by an employer, hospital, or even through the AMA, will limit your ability to work in another field or earn income from any other source should you be unable to perform your job as a physician.
Total Disability or Totally Disabled means that, due solely to sickness or injury, you are not able to perform the material and substantial duties of your occupation (Own Specialty).
Why is this important? If for some reason due to a sickness or injury you are unable to continue working in your specific specialty, the insurance carrier will consider you totally disabled even if you are still working in another specialty, or occupation, for wage or profit.
True Own Specialty Coverage also also gives you the freedom to earn income from another source should you be unable to continue working in your specialty, even if it is not in the medical profession.
With the correct True Own Speciality Disability Coverage, you will be eligible to receive your full monthly benefit regardless of how much income you are earning in another field.
The Doctor Insurance Group has assisted thousands of doctors with choosing the best coverage, at the lowest prices, to protect their investment.