When shopping for disability income insurance, one of the most important features you can have as a physician is protection in your own medical specialty.
What does this mean to you?
If you are unable to work in your own professionally-recognized medical specialty, due to sickness or injury, you will be eligible to receive total disability benefits up to the maximum benefit period stated in your policy. Benefits are payable even if you are gainfully employed in another specialty or occupation.
Here is an example.
A surgeon who is disabled from performing surgeries, but can perform the duties of a general physician or even a medical director for a local business, will be deemed totally disabled and receive total disability benefits, according to the terms of the policy he/she purchased.
You’ve spent a lifetime of energy and resources to launch a successful career or business. Don’t let it go to waste!
If you become disabled, God forbid, standard-unemployment benefits will likely not provide what it takes to replace your income. Disability insurance gives you the ultimate safeguard. Cosmo Insurance Agency in New Jersey will shop for the ideal plan, from the superior carrier, based on your individual situation.
Short term disability insurance provides you with most of your previous income level for up to two years. Long term disability insurance provides this coverage for several years, up to retirement, depending on the plan you choose.
Learn about the wide array of protections you available through various disability insurance plans, including guaranteed renewal, cost of living increases, terminating premium payments after becoming disabled, and more.
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