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DISABILITY INSURANCE: RETIREMENT CONTRIBUTION PROTECTION
Most group long term disability coverage does not account for the impact of a protracted illness
on a disabled physician's retirement plan. A disabled professional physician with a prolonged infirmity would only
be entitled to a monthly long-term disability benefit until the age of 65. At that time the professional would
only have access to a greatly diminished retirement account due to the lack annual.
In recent years several nationally recognized carriers have introduced individual contracts that
will specifically address this coverage needs. Professionals now have the opportunity to insure as much as 100%
of their current contributions in the event of a total disability. This benefit will be provided in addition
to any existing group or individual disability coverage and can prove be a valuable source of disability coverage
for highly compensated physicians and executives that current have the reached the industryıs maximum benefit
levels.
Healthcare organizations can elect to offer this coverage on a voluntary basis or provide this
coverage to specific population segments. Employer sponsored or provided coverage will entitle participants to
a permanent rate discount and medical underwriting may be waived when provided by an employer to populations
greater than 20 lives.
To receive a quote, please complete our online form, or for
more information send us an e-mail, or call our office
at (800) 214-7039.
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