DISABILITY INSURANCE
Protect Your Income

Non-Cancellable and Guaranteed Renewable mean that the terms of your policy can’t be changed or canceled by the insurer, as long as premiums are paid on time.

Level Premiums provide consistent premium pricing from the time your policy begins, until age 65. If coverage is increased, the cost for the new coverage will be added to your original cost.

Graded Premiums begin with a lower premium cost and increase annually. Graded premiums can be changed to level premiums in future when they typically can be more easily afforded.

Future Insurability Options allow you to increase your coverage amount as your income grows, regardless of your health.

Partial Disability Coverage enables you to see patients part time and work a reduced number of hours, if you’re able to, while still receiving benefits for a partial disability.

Cost of Living Adjustments may help to keep disability benefits consistent with inflation through annual post-disability increases.

Own Occupation is a definition of disability covering disabilities that prevent you from working in the specific occupation you’ve been trained for and are currently working in.

Student Loan Riders may help you make your student loan payments while disabled.

Term Life insurance was created as an affordable solution to addressing an unexpected death during a limited number of years. For a fixed number of years, term life insurance can provide your dependents or lenders with a substantial safety net. This makes it a common choice for doctors who want to ensure their loved ones are financially secure in the event of their untimely death.

While the need for term life insurance varies, it’s frequently used by practicing doctors to protect family, provide an estate in the event of premature death, and serve as collateral for business and other loans.

Whole Life policies (also known as permanent life policies) are long-term coverages that may grow in value. Many of these policies also allow you to access or borrow against a portion of the benefits, called the policy’s “cash value.”

You can also customize these benefits and the terms of your policy to get the appropriate policy for yourself.

Collateral Assignment
Using your life or disability policy as collateral for a loan is called a collateral assignment. If you die or become disabled, the assigned policy will be used to pay off the debt and any remaining value will be dispersed to your beneficiaries.

Evidence of Insurability
Insurers evaluate your income, age, financial and medical circumstances to determine if you’re eligible for a certain amount or type of coverage.