Although the statistics reveal that one in five people will suffer a disability before the age of 65, the highly refined skills required to be a surgeon lowers the injury or illness threshold that could prevent them from performing their specialty. In other words, there are many types of injuries or illnesses that might otherwise allow other physicians or professionals to continue to work that would completely disable a surgeon. For that reason, surgeon disability insurance must be more comprehensive than the plans of their non-invasive colleagues. Surgeons, with their invasive duties, need the answers to some critical questions regarding their disability income coverage.
Does my disability insurance coverage contain a “true” own-occupation definition of disability that includes language specific to my particular duties?
Not all own occupation disability insurance policies are the same as the specific language of the definition of disability varies from one insurer to the next. Only a specialized disability policy with a “true” own occupation definition will insure your ability to perform your specialty.
Does my disability coverage have a residual disability benefit linked to the own occupation definition?
Should you be partially disabled, you need the assurance that your disability coverage will replace your lost earnings.
Does my disability insurance coverage keep pace with my earnings?
Your disability coverage may be sufficient for your current earnings, but what about five or ten years from now? As your earning increase, you will need to increase your coverage. If your policy doesn’t include a Future Insurability Guarantee that allows you to increase your coverage, you may have to purchase additional disability insurance policies. If you develop a health condition the additional insurance could be prohibitively expensive or you could become uninsurable. A Future Insurability Guarantee ensures that you can increase coverage without evidence of insurability.
Does my insurance agent have the specialized knowledge of surgeon disability insurance as well as the access to specialized disability insurers?
Disability insurance is one of the more complex financial instruments with many components that need to work in a customized fashion to provide surgeons with the optimum protection in the most efficient way possible.
The team of disability insurance specialists at Doctor Disability has more than 20 years of experience matching the unique needs of surgeons with the most effective disability income plan available. Their expertise and sensitivity to the demands of surgeons enables them to simplify the process of obtaining the right disability insurance plan at the best possible rate.