Video Transcript - Disability Income Protection for Physicians
You sacrificed a lot to become a physician.
So, when it comes to disability insurance, you have different needs.
That’s why we designed disability protection just for physicians.
Disability insurance helps replace your income if you become too sick or injured to work.
If your illness or injury prevents you from working in your own specialty or occupation…
Enhanced True Own Occupation coverage gives you the choice to work in another speciality or occupation – and still collect benefits.
And in many cases, you can even work in your own practice and still collect benefits.
With Enhanced True Own-Occupation coverage, there are two ways to qualify for benefits.
One way to qualify looks at whether more than 50% of your income is from hands-on patient care or surgical procedures.
If so, and you can’t do that anymore because of your disability, you’d be able to collect benefits.
The second way to qualify for benefits is if your illness or injury prevents you from doing the principal duties you had at work.
We’ll look at your situation from multiple angles. So you get more opportunities to qualify for benefits.
It’s as simple as that.
Contact a Guardian representative to learn more.
Individual disability insurance policy forms 18ID, 18UD and 18GI underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY. Product provisions and availability may vary by state. In New York: These policies provide disability insurance only. They do not provide basic hospital, basic medical or major medical insurance as defined by the New York State Insurance Department. For policy form 18ID, the expected benefit ratio is 50%. For policy forms 18UD, 18GI, 18UD-F, and 18GI-F, the expected benefit ratio is 60%. The expected benefit ratio is the portion of future premiums that the company expects to return as benefits, when averaged over all people with these policy forms.
An individual’s eligibility for benefits is determined on a case-by-case basis, taking into consideration the factual circumstances presented as well as the terms and conditions of his/her policy(ies).