“I’ve recommended Jeff to another friend of mine for his courteous service and the number of insurance quotes he was able to provide. Thanks again Jeff!”
~ Terry W., Jackson, MS
8 Best Rates
Using our system, you’ll review many quotes. Jeff Pennington will help explain all of your … Read the rest
MD or General Practitioner Disability Insurance
If you are a general practitioner and you own a private practice, you should consider purchasing a business overhead expense (BOE) policy in addition to a personal disability policy.
As an MD or General Practitioner, you probably make between $100,000 and $200,000 per year or more. You probably have large monthly expenses as well, such as medical school loans, a home mortgage, and perhaps private school tuition for your children. Insuring your income is really just part of a sound financial plan.
Benefit levels are determined by each policies “Issue and Participation Limit”. Benefits will typically protect 60 to 70 percent of your income. Most disability insurance companies issue benefits to a maximum of $15,000/month.
Solutions are available to increase these amounts and we can obtain insurance for highly compensated individuals for up to 75% of compensation with no monthly limit.
Back injuries, cancer, heart disease and other illnesses cause the majority of long-term disability. In fact, if you’re around the age of 40, your chances of experiencing a disability prior to age 65 which lasts three months or greater are 21% or approximately 1 in 5.
Let us help you find disability information, coverage and rates that fit into your over-all financial plan. Give Jeff Pennington a call at 1-877-221-6198 or use the form on the right to request a quote, get answers to your questions, and find the right policy.