Physician Disability Insurance

InsureSTAT > Physician Disability Insurance
“InsureSTAT was extremely helpful when I was trying to determine my post-residency insurance needs. Even though I was skeptical at first, the disability insurance quotes they offered were much more reasonable than anything I was able to find on my own.”
– Dr. Michelle Linkous

Department of Pediatrics
These results may or may not be typical.

InsureSTAT is an independent insurance agency providing the most comprehensive and price competitive Disability Income Protection policies in the nation. We are particularly adept in offering reliable information and a streamlined application process for members of the medical world who need the best and often, need it STAT!

Major carriers have special offers for current or graduating GME trainees nationally. Whether in residency or fellowship, most companies will allow $5000/month without any current financial review. In some cases, when within 6 months of graduation, we can secure up to $7500/month without financial review. This chart provides monthly discounted rates for many medical specialties for 32 year old males/females to give a feel for cost structures. Please take a moment to fill out the request form on this page so InsureSTAT can prepare your free customized options.

Sample Monthly Rates

Specialty

Male

Female

Family Medicine, Internal, Gastroenterology, Neurology, Oncologist, Pediatrician, Pulmonologist, Psychiatrist

$130

$177

All surgeons, Emergency Medicine, ENT, OB/Gyn, Anesthesiologist, Interventional Radiology

$157

$209

Sample Rates for Age 32, $5000 Monthly Benefit, To age 67, 90 Day Elimination Period, Fixed Level Monthly Premiums, Own Occupation, Residual, COLA, Future Benefit Increases

Physician Disability Insurance is designed to replace lost income in the event of a disabling condition from illness or an accident. Typically, most insurance companies will allow the insured to protect up to 60% of their pre-disability earned income and pay monthly benefits to age 65, 67, or even 70. InsureSTAT works with you to determine your monthly benefit eligibility, supplement your employer provided protection or increase to become more fully insured from within an older policy already in force. Features or added benefit riders such as Own Occupation, Specialty Own Occupation, Residual/Partial , Cost of living, Catastrophic, Non-Cancelable, Guaranteed Renewable, and Future Purchase Options are all available and customized to fit your needs. The younger the insured is when a policy is purchased, the lower the cost is and it is fixed for your entire career as well as being portable from State to State. Depending upon your stage in training, you may be eligible for significant discounts from several of our carriers and should you be employed by a hospital or larger practice, we can work with you, your HR team or partners to determine the best way to lock in voluntary or employer paid discounts for you as well!

In order for our team to provide you with the best options in the marketplace, we need some basic information from you beyond your name. We need to know where you currently train, what your medical specialty is, when you graduate and how old you are now. 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 and once you have your quotes, we can walk you through the various differences between the companies and their policies.

Keep in mind several things about the sample quotes on this page and your personalized proposals you will receive via email.

First, 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, or, likelihood to develop chronic illness. Therefore, we see a 40% +/- increase in costs for females. In some cases, we can help bring “unisex” rates to provide the same costs for females as males…in these cases within resident programs or larger practices, the discounts become critical for females in the market.

Second, the type of physician you are has everything to do with your pricing and the risk to the carriers. The more invasive your field, finite in instrumentation, involved with medications you are, the higher the cost. We see a big savings in pricing for pediatricians, family medicine, internal medicine, and psychiatry as compared to surgeons, anesthesiologists, emergency medicine, etc. So, be prepared for the cost differences as referenced by “Occupation Class” in the quotes provided.

We picked a sample age 32 to demonstrate pricing for the nationally recognized GME benefit issue amount of $5000/month. We have included Own Occupation protection to allow total disability status if unable to perform the material duties of your pre-disability specialty even if able to earn other income doing something else. Additionally, we include residual/partial benefit riders to help pay a percentage of your benefit if still working in your main specialty, but, due to disability can’t work as much, leading to loss of earnings. Other features such as 3% cost of living (COLA) to increase benefits annually if on claim to keep pace with inflation and future increase riders are also built into the sample quote and ALL quotes you will receive from InsureSTAT.com.

InsureSTAT works primarily with The Guardian, Principal and The Standard to bring all disability insurance policies to any medical specialty throughout the United States. Our relationships with the underwriters from all carriers and over 50 combined years specializing in the design and implementation of disability insurance plans for physicians, helps immediately streamline your review and procurement process. In other words, 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

Gender*

Current State of Residence*

Concerned about student loans?

We also offer Student Loan Protection

LEARN MORE

Guaranteed Issue

Interested in Term Life Insurance?

LEARN MORE

Medical Review Required

“InsureSTAT was extremely helpful when I was trying to determine my post-residency insurance needs. Even though I was skeptical at first, the disability insurance quotes they offered were much more reasonable than anything I was able to find on my own.”
– Dr. Michelle Linkous

Department of Pediatrics

Get a Quote

Gender*

Current State of Residence*

InsureSTAT is an independent insurance agency providing the most comprehensive and price competitive Disability Income Protection policies in the nation. We are particularly adept in offering reliable information and a streamlined application process for members of the medical world who need the best and often, need it STAT!

Major carriers have special offers for current or graduating GME trainees nationally. Whether in residency or fellowship, most companies will allow $5000/month without any current financial review. In some cases, when within 6 months of graduation, we can secure up to $7500/month without financial review. This chart provides monthly discounted rates for many medical specialties for 32 year old males/females to give a feel for cost structures. Please take a moment to fill out the request form on this page so InsureSTAT can prepare your free customized options.

Sample Monthly Rates

Specialty

Male

Female

Family Medicine, Internal, Gastroenterology, Neurology, Oncologist, Pediatrician, Pulmonologist, Psychiatrist

$130

$177

All surgeons, Emergency Medicine, ENT, OB/Gyn, Anesthesiologist, Interventional Radiology

$157

$209

Sample Rates for Age 32, $5000 Monthly Benefit, To age 67, 90 Day Elimination Period, Fixed Level Monthly Premiums, Own Occupation, Residual, COLA, Future Benefit Increases

Physician Disability Insurance is designed to replace lost income in the event of a disabling condition from illness or an accident. Typically, most insurance companies will allow the insured to protect up to 60% of their pre-disability earned income and pay monthly benefits to age 65, 67, or even 70. InsureSTAT works with you to determine your monthly benefit eligibility, supplement your employer provided protection or increase to become more fully insured from within an older policy already in force. Features or added benefit riders such as Own Occupation, Specialty Own Occupation, Residual/Partial , Cost of living, Catastrophic, Non-Cancelable, Guaranteed Renewable, and Future Purchase Options are all available and customized to fit your needs. The younger the insured is when a policy is purchased, the lower the cost is and it is fixed for your entire career as well as being portable from State to State. Depending upon your stage in training, you may be eligible for significant discounts from several of our carriers and should you be employed by a hospital or larger practice, we can work with you, your HR team or partners to determine the best way to lock in voluntary or employer paid discounts for you as well!

In order for our team to provide you with the best options in the marketplace, we need some basic information from you beyond your name. We need to know where you currently train, what your medical specialty is, when you graduate and how old you are now. 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 and once you have your quotes, we can walk you through the various differences between the companies and their policies.

Keep in mind several things about the sample quotes on this page and your personalized proposals you will receive via email.

First, 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, or, likelihood to develop chronic illness. Therefore, we see a 40% +/- increase in costs for females. In some cases, we can help bring “unisex” rates to provide the same costs for females as males…in these cases within resident programs or larger practices, the discounts become critical for females in the market.

Second, the type of physician you are has everything to do with your pricing and the risk to the carriers. The more invasive your field, finite in instrumentation, involved with medications you are, the higher the cost. We see a big savings in pricing for pediatricians, family medicine, internal medicine, and psychiatry as compared to surgeons, anesthesiologists, emergency medicine, etc. So, be prepared for the cost differences as referenced by “Occupation Class” in the quotes provided.

We picked a sample age 32 to demonstrate pricing for the nationally recognized GME benefit issue amount of $5000/month. We have included Own Occupation protection to allow total disability status if unable to perform the material duties of your pre-disability specialty even if able to earn other income doing something else. Additionally, we include residual/partial benefit riders to help pay a percentage of your benefit if still working in your main specialty, but, due to disability can’t work as much, leading to loss of earnings. Other features such as 3% cost of living (COLA) to increase benefits annually if on claim to keep pace with inflation and future increase riders are also built into the sample quote and ALL quotes you will receive from InsureSTAT.com.

InsureSTAT works primarily with The Guardian, Principal and The Standard to bring all disability insurance policies to any medical specialty throughout the United States. Our relationships with the underwriters from all carriers and over 50 combined years specializing in the design and implementation of disability insurance plans for physicians, helps immediately streamline your review and procurement process. In other words, let us do the work for you so you can protect your number one asset…your trained ability to earn your income!