Disability Insurance Basics
What is own-occupation disability insurance?
Own-occupation disability insurance pays benefits if you cannot perform the material duties of your specific occupation, even if you can work in another capacity. For example, a surgeon with a hand injury who cannot perform surgery would receive full benefits even if they could work as a medical consultant.
Key Points
- Own-occupation: pays if you cannot perform your specific occupation
- Most comprehensive definition of disability
- Example: surgeon with hand injury receives benefits even if can work as consultant
- Best for: professionals with specialized skills (doctors, lawyers, dentists)
- An independent agent can identify the best own-occupation carriers