Physician Specific Disability Insurance
Advisory Resource Group professionals are experienced in helping physicians nationwide design and select the most appropriate disability options for their specific needs. We are also happy to be able to offer discounted solutions for our clients.
Individual disability income insurance provides an income to an individual who is sick or injured and is unable to work. Physician specific coverages refers to the definition of disability within the policy and when a claim will be paid. An “Own Occupation” definition of disability will pay a benefit if the individual has an injury or illness and is unable to perform the material and substantial duties of their regular occupation (i.e. your specialty), even if they go back to work in another occupation. This will protect the physician from being forced to work in another occupation other than what they were trained for.
Additional components of a physician specific disability policy include:
- Non-cancelable and Guaranteed Renewable
- Future benefit increase options
- Residual and recovery benefits also known as “Partial Disability Benefits”
- Cost of Living adjustments (COLA) Catastrophic disability rider
Click here to receive a summary of quotes from multiple insurance companies
Click here to view additional information on disability insurance in our education library