Specialized Coverage
Embark on a journey to secure your future. Whether you're a resident, fellow or an attending, protecting your livelihood is paramount. Let us guide you through the realm of disability insurance options specifically catered to your needs.
Discover the Best Disability Insurance For You…
Disability Insurance Basics
Long-term disability insurance provides a monthly benefit if you become unable to work due to illness or injury, serving as income replacement to cover essential expenses like rent/mortgage, utilities, food, and other living costs.
This coverage applies to disabilities occurring on or off the job, with some policies extending coverage even when disabled while traveling abroad.
The primary advantage of having disability insurance is the financial security it offers, ensuring that regardless of unforeseen circumstances, you'll have the necessary financial support to sustain your and your family's standard of living.
Choosing the Right Disability Insurance Company
When comparing disability insurance companies, it is crucial to focus on two key factors: Insurance Company Financial Strength Ratings and Benefits and Features of the Disability Policy.
The financial strength ratings provided by third-party services like AM Best and Weiss offer insight into a company's stability and claims payment capabilities. Opting for a company with the highest ranking ensures reliability in times of need.
Additionally, examining the benefits and features of the disability policy is essential. Two essential features to prioritize in a medical professional disability insurance policy are the Own Occupation definition of disability and guaranteed renewable and non-cancelable clauses. These components guarantee protection in your specific profession and prevent changes to your policy before the age of 65.
Selecting a reputable disability insurance company is critical as they could potentially be responsible for covering your income for an extended period in the event of a disability.