As a physician, disability insurance is probably the last thing on your mind; however, protecting your current and future income is important. Let our team do the legwork and find the ideal coverage for your needs.
We answer some of the common questions from physicians regarding disability insurance.
We are appointed with all of the main disability carriers that physicians would use to obtain true own occupation disability income insurance. We are here to help you find the best policy for your situation which will depend on your age, gender, occupation, and riders desired among other things.
No, it is the same price for your policy whether you use MillCreek for disability insurance needs or go directly to the insurance company.
Premiums vary for disability insurance based on a number of factors. Here are some of the most common determinants of premiums:
company
health
current state of residence
gender
age
income
policy riders
While you can reach out directly to the insurance company, our team is here to help you with any changes or questions you may have about your disability policy. From increasing the benefit or modifying the elimination period to changing a rider or cancelling a policy, reach out to our team at (850) 727-5491.
Depending on your health and current status (medical school, residency/fellowship, attending) this process length may differ. Disability underwriting is notoriously difficult to obtain and the insurance comapny is usually going to want records from all of your physician visits over the last 5-10 years, which can take a while to obtain these records. It is not uncommon for the underwriting process to take 1-3 months or longer.
Most insurance companies will let you increase your benefit in one of two ways - through a Future Increase Option (FIO) or Benefit Increase/Purchase Rider (BIR/BPR).
