When deciding what type of disability insurance is best for a physician, it's crucial to find a policy that includes both partial and residual disability benefits. High earning physicians can benefit from policies that are guaranteed renewable and never cancel. High earners are also at higher risk of becoming partially disabled, so they should opt for partial disability benefits over total. For information about the best disability insurance for physicians, contact a disability insurance specialist. Disability insurance specialists have access to an extensive list of top insurers, and their products and services can help you make the right decision.
Another feature of Ameritas disability insurance for physicians is the option of adding a rider to your plan. This option will provide additional coverage when your budget increases. For instance, if you become disabled while working in your practice, your policy will continue to pay you until you reach retirement age. For early career physicians, this rider can be especially advantageous. It automatically increases your coverage amount each year and requires no additional underwriting.
The premiums for Breeze disability insurance for physicians are competitive, with the lowest premiums for policies under four thousand dollars per month. Premiums are based on the individual's age, gender, occupation, and if additional riders are purchased. More hazardous and labor-intensive occupations will result in higher premiums. Female physicians will typically pay more than males, as females are more likely to have a disability. Premiums also vary based on lifestyle factors and the benefits included.
To receive disability benefits, you must submit proof of loss and a written claim. Your claim must be submitted within a specific period of time after the occurrence of disability. Typically, you must submit your claim within twenty to thirty days after your disability began. To begin the process, you must fill out an initial proof-of-loss packet, which includes a physician's questionnaire and investigative authorization form. Then, you must provide this documentation to Mutual of Omaha.
Ameritas
Ameritas disability insurance is a policy issued by the American Life Insurance Corporation in states where physicians are allowed to practice. It includes an own-occupation rider that allows doctors and dentists to continue to collect benefits even after being disabled. Ameritas is one of the "Big 7" carriers for disability insurance for physicians. Other carriers in the "Big 7" include MassMutual, Guardian, Mutual of Omaha, Ohio National, Principal, and The Standard. LeverageRx works with all 7 carriers.Another feature of Ameritas disability insurance for physicians is the option of adding a rider to your plan. This option will provide additional coverage when your budget increases. For instance, if you become disabled while working in your practice, your policy will continue to pay you until you reach retirement age. For early career physicians, this rider can be especially advantageous. It automatically increases your coverage amount each year and requires no additional underwriting.
Breeze
If you're a physician, you should seriously consider purchasing Breeze disability insurance for physicians. It offers several benefits for physicians and is relatively inexpensive compared to other options. As a newer company, there aren't as many reviews online as there are for other insurers. But, you might be surprised to learn how much cheaper it is to purchase disability insurance through your employer. If you're a physician, you'll be glad to know that you can call and speak to a Breeze disability insurance expert.The premiums for Breeze disability insurance for physicians are competitive, with the lowest premiums for policies under four thousand dollars per month. Premiums are based on the individual's age, gender, occupation, and if additional riders are purchased. More hazardous and labor-intensive occupations will result in higher premiums. Female physicians will typically pay more than males, as females are more likely to have a disability. Premiums also vary based on lifestyle factors and the benefits included.
Mutual of Omaha
If you are a physician, you may have heard of Mutual of Omaha disability insurance for physicians. Unfortunately, this company takes longer to process disability claims than the federal law requires. Disability insurance companies have 45 days to review a case, but can extend this time by up to two thirty-day extensions and up to 105 days if necessary. When this happens, however, Mutual of Omaha will use a practice known as tolling, which stops the clock and asks for more information.To receive disability benefits, you must submit proof of loss and a written claim. Your claim must be submitted within a specific period of time after the occurrence of disability. Typically, you must submit your claim within twenty to thirty days after your disability began. To begin the process, you must fill out an initial proof-of-loss packet, which includes a physician's questionnaire and investigative authorization form. Then, you must provide this documentation to Mutual of Omaha.
