Disability Insurance by Occupation
What is the best disability insurance for doctors?
Doctors need own-occupation disability insurance that defines disability based on their medical specialty. If a surgeon loses the use of their hands, they should receive full benefits even if they can work in another capacity. An independent agent can compare specialty-specific own-occupation policies.
Key Points
- Own-occupation: most important feature for doctors
- Specialty-specific definition: surgeon disabled if cannot perform surgery
- True own-occupation: receive full benefits even if working in another capacity
- An independent agent can compare specialty-specific own-occupation policies
- Residual disability rider: important for partial disability