Instant Physician Disability Insurance Quotes

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Why doctors choose LeverageRx for physician disability insurance

It’s the easiest way to find policies and save money on disability insurance

More agents, better options. We help you shop multiple agents to find the best policies and rates

Discounts save you money. Our network of agents have access to discount programs to help save you even more money

Simplified process. No need to fill out multiple forms on different websites to compare your options.

physician disability insurance

About Physician Disability Insurance

Physicians, dentists and other medical professionals who face a disability must provide for themselves until they return to medicine, or sometimes until they reach normal retirement age. Own-occupation physician disability insurance helps those who are unable to perform their specialty for an extended period of time so they can financially support themselves and their family. Our team has reviewed and compared own-occupation disability insurance policies that we are comfortable recommending to medical professionals. All of these policies are backed by companies with strong financial ratings and great policy features. Have additional questions? Check out our physician disability insurance FAQs below.

Not sure which physician disability insurance policy you need?

Compare the best own-occupation disability insurance for physicians, dentists and other medical professionals

company

Ratings

physician disability insurance

AM Best Ratings

A++
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About Guardian's Disability Insurance Product

A++ rated Guardian’s feature-rich product is the Provider Plus, underwritten by its wholly-owned subsidiary, Berkshire Life. Guardian is known as the cadillac of insurance products and is one of the largest mutual insurance companies in the United States.

Pros:

  • Residual disability benefit replaces lost income dollar for dollar up to monthly benefit for first 12 months
  • Automatic Benefit Enhancement Rider – automatic 4% compounded increases
  • Lump Sum Disability Benefit equal to 35% of all benefits paid payable at age 65 or 67
  • Loss need not be irrecoverable for Presumptive Benefits
  • Choice of 3 Cost-of-Living Adjustment Benefit – guaranteed 3%, CPI tied, or 4-year delay
  • Student Loan Participation Rider reimburses loan payments while disabled

Cons:

  • Premium
    rates tend to be higher than most other plans
  • 24 month limit for Mental / Nervous disorders for certain specialties
  • Relatively strict underwriting requirements and guidelines compared to other providers

company

Ratings

physician disability insurance

AM Best Ratings

A++
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About Mass Mutual's Disability Insurance Product

Mass Mutual's physician disability insurance policy, Radius, features several options for tailoring disability coverage to specific needs and controlling premium expenses.

Pros:

  • RetireGuard Rider replaces equivalent amount of eligible contribution to retirement plan
  • Group Supplemental Rider supplements benefits from group plan during a partial disability
  • Dividends can reduce future premiums
  • Strong A++ Financial Strength Rating

Cons:

  • Requires rider to base policy for true Own-Occupation Definition of disability (not available to all specialties)
  • Requires total, irrecoverable loss for presumptive disability benefit

company

Ratings

physician disability insurance

AM Best Ratings

A
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About The Standard’s Disability Insurance Product

The Standard’s disability insurance policy for physicians and dentists, Protector Platinum, has all of the components along with several riders to create a tailored solution for maximum disability income protection.

Pros:

  • Full monthly benefit payable during 6-month Initial Period of a Partial Disability
  • No limitation on Mental/Nervous disorder claims
  • Automatic Increase Benefit – 4% compounded during 5-year increase period
  • Compassionate Care Benefit pays monthly benefit for 20% earnings loss due to care of a loved one
  • Survivor Benefit payable for three months beyond death if receiving disability benefits
  • Catastrophic Disability Benefit covers activities of daily living, cognitive and presumptive

Cons:

  • Presumptive Disability Benefit require irrecoverable total loss
  • No graded premium option available to lower premium cost in early years of the policy
  • Conditionally renewable for life after age 65

company

Ratings




physician disability insurance

AM Best Ratings

A+
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About Principal’s Disability Insurance Product

Principal’s disability insurance product for doctors, Solutions 750, offers a range of options for maximum policy design flexibility and customization.

Pros:

  • Residual disability benefit pays 50% of total benefit during first 12 months
  • Future Benefit Increase Rider – 4% guaranteed up to 10% compounded based on CPI
  • Catastrophic Disability Payment paid additionally for degenerative disorders such as dementia
  • Survivor Benefit payable up to 6 months if client dies while on claim
  • Refund of Premium Rider refunds half the premiums paid every 5 years

Cons:

  • Presumptive Disability Benefit available by rider – requires irrecoverable total loss
  • 24 month limit for Mental/Nervous disorders with own-occupation definition of disability
  • Use it or lose it structure for future increase option

company

Ratings




physician disability insurance

AM Best Ratings

A
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About Ameritas Life Insurance's Disability Insurance Product

Ameritas Life Insurance's disability insurance pr
oduct for physicians and dentists, DInamic Foundation, is underwritten by its wholly-owned subsidiary, Union Central Life.

Pros:

  • Choice of three different definitions of total disability
  • Includes Non-Disabling Injury Benefit that pays up to $3,000 of medical treatments
  • Good Health Benefit can reduce elimination period two days for every policy year without claim
  • Cost-of-Living Adjustment rider available – up to 6% compounded
  • Less expensive relative to other disability insurance options for most occupational classes

Cons:

  • No graded premium or graded lifetime benefits option
  • Recovery benefits are only offered with the Enhanced Residual Disability Rider
  • Two or five- year limitation on coverage for mental disorders/substance abuse

company

Ratings

physician disability insurance

AM Best Ratings

A+
Get Quote

About Ohio National's Disability Insurance Product

Ohio National's physician disability insurance policy, Continuon Income Solutions II, features several options for tailoring disability coverage to specific needs and controlling premium expenses.

company

Ratings




physician disability insurance

AM Best Ratings

A++
Get Quote

About Northwestern Mutual's Disability Insurance Product

While having strong financial strength ratings, Northwestern Mutual Life’s RRDI product does not offer a true own-occupation definition for it's policyholders. However, the disability insurance policy does offer a range of options for flexibility in coverage design.

Pros:

  • Cost-of-Living Benefit – 3% guaranteed or up to 6% compound with no cap
  • Guaranteed Renewable only option available
  • Annually Renewable Disability Income (ARDI) option for lower initial premiums

Cons:

  • Medical Occupation definition requires that insured not be gainfully employed – not true own-occupation definition
  • Recovery Benefit limited to a maximum of 12 months
  • 24 month limit for Mental / Nervous disorders
  • Policies offered only through Northwestern Mutual Life agents

The average doctor saves over 20% on physician disability insurance with LeverageRx

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Have questions about physician disability insurance?

Check out these great articles and guides on disability insurance!

What is a residual or partial disability benefit rider?

Disability insurance is often viewed as an all-or-nothing proposition, meaning you are either totally disabled to the point you can’t work at all, or you don’t collect any benefits from your policy. So what happens if you’re only partially disabled and can’t work to...

read more

What is long term disability insurance?

When shopping for disability insurance, many people get confused by the different types of disability insurance products available and how they work. Long term disability insurance is much different than short term, which is typically provided by an employer....

read more

Physician Disability Insurance FAQs

The cost of disability insurance and the premiums you pay are based on your age and overall health status as determined by the insurance company. Therefore, the younger and healthier you are, the less expensive your premiums will be. Many of the bigger insurance agents will have discounts available based on your training and location status prior to starting full time practice. For that reason, we recommend purchasing an individual policy before transitioning from training to practice.
AM Best is a well-respected ratings agency that focuses on rating and reviewing insurance companies. Their ratings are a forward-looking independent and objective opinion regarding an insurer's relative creditworthiness. Their opinion represents a comprehensive analysis consisting of a quantitative and qualitative evaluation of balance sheet strength, operating performance and business profile. For that reason, we show the AM Best Ratings in our comparisons.
As it pertains to own-occupation disability coverage, residual benefits cover a partial loss of income due to a disability. Residual benefits are triggered by a percentage loss of income, usually 15% or 20% depending on the carrier. At that point, residual benefits will be paid to the policyholder.
Benefits paid by the insurance company for individual plans are not taxable because the premiums have been paid with after-tax dollars by the policyholder. If you are a part of a group disability plan or an association-based disability plan those benefits will be taxable if they were paid with pre-tax dollars.
Own-occupation refers to the definition of disability in the insurance policy. Different policies have different definitions in the insurance contract that determine what makes a policyholder eligible to receive benefits, or be qualified as disabled. Own-occupation policies focus on your specialty and the specific training that qualifies you to be able to perform your specialty-specific duties and responsibilities. For example, if a surgeon lost a finger in an accident and can no longer perform surgery, but can perform the duties of a family practice physician, full benefits would be paid to the surgeon if it were an own-occupation policy. If the policy was not own-occupation, the insurance company could claim that the surgeon can still practice medicine as a family practice physician and deny benefits.
All of the disability insurance companies listed above provide own-occupation definitions of disability in their insurance policies. Those disability insurance companies include Guardian, Ameritas, Principal, The Standard, MassMutual and Ohio National.