|
As a physician or dentist you can often expect significant increases in future earnings
as your career progresses. However an accident or illness may cause your future
earnings to cease and this loss of income could present you with serious financial
burdens.
Doctor disability income insurance policies can help replace a portion of the loss
of income due to disability during one's working years
Why the own-occupation definition of disability is important to you
As a physician, one of the most important policy features to have in your disability
insurance contract is an own-occupation definition of disability. In simple
terms this means that if you are unable to work in your specialty due to an injury
or illness the policy will pay you a benefit, even if you choose to work in another
occupation. For example, if you get injured and can no longer practice as a Surgeon
(perhaps due to hand-eye co-ordination problems), then the disability policy will
pay you a benefit even if you can earn an income in another specialty or occupation.
This definition differs greatly from many less expensive or group plans. Many of
them say you must not only be disabled from your occupation, but also unable to work
in any gainful occupation. Having the ability to work in the fast
food industry could preclude you from receiving a disability benefit if you choose
the wrong plan for your situation.
Fill in the form above to get a free quote and expert advice on a customized plan
that will protect your financial well-being. You will be contacted by an experienced
insurance professional who deals exclusively with disability insurance for medical
professionals and will be more than happy to answer all your questions.
|
