Specialized Plans for Physician Long Term Disability Insurance
The physician LTD program is a custom designated program, which is coordinated with individual plans, that can typically bring the total cost down 20% or more from a traditional IDI (Individual Disability Insurance) and other fully underwritten individual products alone. This program offers guaranteed issue (no medical requirements) and while providing "Specialty Occupation Coverage" that covers multiple contingencies:
Up to $25,000 per month of additional long-term disability (without offsetting any individual LTD coverage).
Pension Rider - ability to protect your profit-sharing contribution up to $51,000 per year (physicians/non-physicians).
Medical Malpractice Rider- pays the premium for traditional malpractice, risk retention or captive up to $75,000 if partially disabled.
Business Overhead (Key Person) Rider - helps defray the overhead cost of a firm while a covered professional or key employee experiences a period of disability (up to $15,000 per month for 24 months, indemnity payment). These funds can be used to bring in another professional, offset office expenses or apply toward a by-out of disabled physician.
Best Suited For:
High Income Medical Professionals: physicians, dentists, multi-specialty practice, ACO, MSO, Super Groups and hospitals.
Best Contact: Managing Partner, Owner, CFO, or Director of Practice Operations.