best disability insurance for doctors and dentists

best disability insurance for doctors and dentists

Doctors and dentists have the most to lose from disability — and the most to gain from own-occupation disability insurance. A surgeon who loses the ability to perform surgery but could still work as a medical consultant would receive full disability benefits under an own-occupation policy. Any-occupation would pay nothing.

What You Need to Know

• Own-occupation disability insurance is non-negotiable for doctors and dentists
• Specialty-specific own-occupation: pays if you can't perform your specific specialty
• Benefit period to age 65 — protect your income for your entire career
• High benefit amounts available: $10,000–$30,000/month for physicians
• Residual disability rider: pays partial benefits if you can work but earn less
• An independent agent specializing in physician disability can find the best policy