|Policy Maximum Benefit|
|Residual Benefit Threshold|
|Price Per $100|
|No Physical & Labs Limit|
|Estimated Cost for Different Benefits|
Who We Are
LeverageRx is a digital lending and insurance marketplace exclusively for doctors. We make it incredibly simple to compare rates on financial services including student loan refinancing, personal loans, long term disability insurance, life insurance and exclusive mortgage programs for doctors.
What we offer
How Disability Insurance Works
What Doctors Need in a Disability Insurance Policy
In 2017 we completed an analysis of over 2,000 disability insurance policies purchased by physicians
Nice to Have
Common Definitions and Terms
Own Occupation or Regular Occupation The inability to perform the substantial and material duties of your occupation.
Your Occupation or Own Occ not engaged The inability to perform the substantial and material duties of your occupation and not working.
Transitional Own Occupation This would be the same as own occupation but with a cap of a 100% replacement of income from income plus disability benefits to earnings prior to being disabled.
Any Occupation The inability to perform any occupation that you are reasonably able to perform based on the clients education, training and experience.
Residual Usually added by rider, this feature allows the insured to collect benefits while residually disabled and working. The definition usually reads due to injury or sickness the insured is unable to perform one or more of the substantial or material duties of their occupation, is working and is suffering a loss of income of at least 20%. If the insured has a loss of income of 75% the insured is deemed totally disabled and receives full benefit.
Recovery Recovery is a loss of income benefit paid after a client has fully recovered from a total or residual claim but still suffers a loss.
COLA or Cost of Living adjustment This benefit increases the benefit payable on claim every year to help fight inflation.
Future Insurability Option The ability to increase your monthly benefit on specified anniversaries without evidence of medical insurability. Financial verification will be necessary when exercising the option.
Catastrophic Rider This rider pays an additional monthly benefit for the loss of activities of daily living/cognitive impairment. The exact definition varies by company.
Presumptive Benefit This benefit is paid if you permanently lose the power of speech hearing in both ears, sight in both eyes, or use of both hands, both feet, or one hand and one foot. Benefits typically start immediately regardless if you work and usually are paid for life.
Survivor Benefit Usually three times the monthly benefit and is paid if you die while on claim for more than 12 months.
Mental Nervous Limitation This rider limits benefits payable for mental, nervous or substance abuse to 24 months.