Great news for the highest earning physicians/surgeons out there – Standard Insurance now offers up to $30,000 per month in benefit. In order to qualify for $30,000 per month of physician and surgeon disability insurance with Standard, a physician/surgeon will have to demonstrate an income of $1,200,000 per year, and have no employer provided disability coverage.
Before this higher limit became an option, these physicians/surgeons would be capped out at $20,000 or $25,000 (depending on the state of residence) per month and the remainder benefit amount would have to be established with a non-traditional carrier like Lloyd’s of London.
Standard Insurance offers a very competitive plan for residents and fellows because we can design the plan to cost the minimum amount ($30-50 per month depending on age, specialty, and gender) while including an option that will allow the resident / fellow to maximize his/her coverage up to the $30,000 per month limit in the future without having to complete medical underwriting again.
To learn more about Standard Insurance and the physician and surgeon disability insurance options available to you, contact us today.