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.

  • We’ll help you learn more about the options available to protect your income
  • You’ll be able to review rates from the leading providers
  • We quote all the major carriers so you’ll have many quotes to compare

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.

Typically, the insurance companies will allow you to buy a max monthly benefit up to 60 to 70 percent of your income. You do not have to purchase the max amount. You can evaluate a lower amount. Max monthly disability coverage will depend if you have any other long term disability insurance coverage in force. Every medical doctor’s situation is different. Contact our office for specific disability quotes.

As an internist or general practitioner how would you pay your bills without an income?

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.



Written 03/12/2017