30
Mar

Disability Insurance for Gastroenterologists

Gastroenterologists are some of the most highly-trained physicians; completing 6 years of postgraduate training. Some choose to sub-specialize further into hepatology. Disability insurance for gastroenterologists protects the income that is generated by the skills learned during training. Below are 4 key guidelines to follow when exploring disability insurance for gastroenterologists.

  1. Own Occupation Definition of Disability – It doesn’t take a lot to disable a gastroenterologist. It is critical that a gastroenterologist have an own occupation definition of disability so that the full disability benefit is received as long as he/she cannot practice gastroenterology.
  2. Partial/Residual Benefit – This pays a portion of the monthly benefit if able to practice gastroenterology on a part time basis. All claims either begin or end on a partial basis, so this benefit is critical.
  3. Non-Cancelable and Guaranteed Renewable – This ensures that the insurance company cannot raise rates or modify the policy in any way. Guaranteed renewable alone may be enough for gastroenterologists older than age 50.
  4. Recovery Benefit – This allows for benefits to continue beyond recovery if still suffering a loss of income. A long term disability can derail a gastroenterologist’s lifetime earnings potential, even though he/she is no longer medically disabled.

If you are a gastroenterologist or other physician in search of the most comprehensive and cost-effective disability insurance, contact us to review the disability insurance available to you.