Ameritas Life is as reputable as any name in the insurance industry. However, it's actually a newcomer to the disability insurance space in comparison to its competitors. DInamic Foundation is its best disability insurance product for doctors. Policies are underwritten and issued by Union Central Life, its wholly-owned subsidiary.
Ameritas features a true own-occupation definition of disability. This provision benefits you if an accident or illness prevents you from practicing your specialty.
DInamic Foundation requires you to choose between non-cancelable coverage and guaranteed renewal. The maximum benefit period available is to age 70. Ameritas offers basic and enhanced residual disability riders. It also offers two different COLA riders.
- True own-occupation provision.
- Lowest premium amount.
- Two COLA rider and residual disability options.
- Various add-ons such a good health benefit, presumptive total disability benefit, COBRA premium benefit, partial disability benefit, and non-disabling injury benefit.
- Slower customer service.
- Lowest maximum policy benefit: $20,000 per month.
- Must choose between non-cancelable coverage and guaranteed renewal.
- For certain occupation classes, the own-occupation provision is only available for five years.