Online Disability Insurance Quote
We are fortunate to have been selected by our friends from Guardian to provide our website users with access to receive a free online disability insurance quote. Since there are quite a few variables to determine benefits and pricing, our insurance quote form allows you to input essential information such as age, medical specialty, state of residence and ranges of income to provide an instant estimate for monthly benefits and costs. Depending upon your goals and budget, the quote engine can be adjusted to see various benefit levels and request specific amounts along the way.
All information is secure and safe while captured by the InsureSTAT team to prepare customized proposals, which are then emailed to you to begin your education and review process. It’s important to know that certain carriers tend to be more appealing to individuals based on their medical specialties due to language and definitions in the contract. Our experience will help guide this part of the review so once you have your quotes, we can walk you through the various differences between the companies and their policies.
Get a Quote
Understanding Physician Disability Insurance Cost and Coverage
Disability Insurance Rates for Males and Females Differ
Most are shocked at the vast difference between male and female costs. Unlike life insurance, where mortality risk is priced based on life expectancy, disability insurance is priced based on morbidity risk and likelihood to develop chronic illness. Therefore, we see a 40% +/- increase in costs for females.
InsureSTAT has the ability to offer “unisex” rates in certain cases to provide the same insurance rates for men and women. In these cases, generally within GME resident programs, large medical practices, or hospital systems, the discounts can be incredibly beneficial for females in the market.
Physician Specialty Specific Disability Insurance Pricing
The physician specialty specific disability insurance cost varies greatly based upon your practice and perceived risk to the carriers. The more invasive your field, finite in instrumentation, and involved with medications, the higher the cost for physician specialty specific disability insurance. We see a big savings in pricing for pediatricians, family medicine, internal medicine, and psychiatry when compared to surgeons, anesthesiologists, emergency medicine, and others in the field. Once the team at InsureSTAT prepares a custom quote, we will walk you through the cost differences as referenced by “Occupation Class” in the quotes provided.
Extra Benefits Make a Vital Difference
Every one of our physician disability insurance quotes include the following critical benefits which are proven to be vital to doctors among all fields.
- Non cancelable and guaranteed renewable language to fix and guarantee premiums.
- Benefit payment periods to age 67.
- Own occupation and residual or partial benefits if unable to perform the exact duties performed prior to a disability.
- Own specialty occupation riders for all surgeons or interventional physicians.
- Future increase options and cost of living increase riders.
- 90-day elimination period before benefits begin. Note: Many employer-provided group plans don’t pay benefits until out of work for 180 days.
InsureSTAT works directly with the marketing and underwriting teams of the very best disability insurance companies for physicians in the United States. With over 50 years of insurance experience, InsureSTAT professionals are prepared to identify strengths and weaknesses of any existing client policies to know what new needs might be present due to job, income, or group benefit changes.
We recognize that everyone has their own medical history and respect the need for that information to stay private. InsureSTAT finds the best available options to help secure and protect your individual income. Let us do the work for you so you can protect your number one asset: your trained ability to earn your income!
Get a Quote