You sign up for group disability insurance at work. It feels like a no-brainer. Premiums only cost a few dollars per month, and getting insured is easy: no insurance agents, underwriters, or medical exams. Then, something happens to you. You think, “Thank goodness my disability insurance protects
Disability Statistics vs. Common Misperceptions
As Disability Insurance Awareness Month draws to a close, we thought it pertinent to revisit the results of a survey conducted by the Council of Disability Awareness back in 2011. The survey looked into the attitudes and knowledge consumers have over matters related to becoming disabled and then
Physician Residual Disability Benefit Critical for Max Protection
While there is no actual data available that indicates the percentage of physician disabilities which are partial, as opposed to total, our experience indicates that it is very nearly half and half. A partial disability due to an illness or injury may prevent a physician from performing some of his
Business Overhead Expense: A Real Risk that Needs a Real Solution
Any medical or dental practice that relies on one or two people to generate revenue is especially vulnerable to financial problems in the event of a disability. Disability income benefits are usually sufficient to replace a disabled practitioner’s income, but are typically insufficient when it comes
Physicians Should Base Disability Insurance on Reality, not Rules of Thumb
In countless blog posts here we have stressed the importance of understanding the definition of “disability” in choosing a physician’s disability insurance plan. More than any other type of professional, physicians must be able to protect their specific occupation and specialty from the prospect of
Will Your Disability Policy Protect You at the Next Level?
The medical profession is unusual in many respects, but one in particular sets it apart from all most other professions; and that is the meteoric rise in income most medical professionals experience beginning the day they complete their residency. And unlike most other professionals, physicians are
Dovetail Your Disability and Health Coverage
Story at-a-glance Integrating health and disability insurance helps employees better navigate illness, injury, and financial risk.Early symptom care reduces disability risk—when employees understand their health benefits, they seek treatment sooner.Out-of-pocket medical costs add up fast, even
Doctor Disability Insurance: Importance of Cost of Living Adjustment
Story at-a-glance Missing key riders can cost you—especially the Cost of Living Adjustment (COLA) that protects against inflation.COLA keeps your benefits growing—flat-rate or CPI-linked options ensure your payout keeps pace with rising costs.Inflation hits hard over time—especially for