If you are unable to work due to injury or illness, can you keep your practice running, cover medical bills, and maintain your lifestyle?
You need Disability insurance if you hesitate to answer.
Medical expenses, income loss, and other financial constraints can build up while you’re out of work. By selecting the right Disability insurance coverage, you can reduce financial stress, while protecting yourself and your family if you experience an unexpected disability event.
Get Disability Insurance to Protect What Matters
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Disability Coverages We Offer to Medical Professionals
As part of Hilb Group, PriMed Consulting and Keane Insurance, your trusted medical coverage advisors, now can offer you enhanced resources. We can provide you with all types of Disability insurance, but most medical professionals can benefit from these coverages:
Individual
This policy replaces your income to be able to pay your medical bills, medical school expenses, and to support your lifestyle.
Business Overhead
It is designed to cover costs associated with essential business operations of your practice including employee wages, rent, utilities, taxes, overhead, and maintenance.
Buy Sell
If your business partner must leave your business due to disability, it provides funds to buy out your disabled partner’s equity.
Key Person
If a key employee in your practice is no longer able to work due to an illness or accident, this policy will pay you the benefits as the policy holder, which include portion of their income, expenses to finding and training replacement, and operational costs to name a few.
Pension Protection
It ensures your retirement savings keep growing by continuing your monthly retirement plan contributions on your behalf.
Examples of Disability Insurance and Costs
A lot of factors affect your specific policy and cost, such as age, gender, coverage limits, and specialty. So these typical scenarios are only for illustration purposes of what we can offer:
40 year old male
Anesthesiologist
Income: $350K/yr
Income protected to age 70
Cost: $2.32% of income/yr
40 year old male
Family Physician
Income: $500K/yr
Income protected to age 70
Cost: $2.32% of income/yr
40 year old female
Cardio Vascular Surgeon
Income: $1.5M/yr
Income protected to age 70
Cost: $2.32% of income/yr
Why Work with Hilb Group, a Leading National Broker
Wide selection of quality coverages for every need. We have one of the largest networks of A, A+, and A++ insurance carriers in the US. This allows us to offer you many options and identify the most appropriate carrier and cost-effective coverage for your needs and budget.
Depth of experience. There’s not a lot of situations that our team of specialists have not seen. Our professionals have 10 to 40+ years of experience in the Disability insurance realm. We even specialize in certain disabilities, such as diabetes, which can affect the type, cost, and structure of the policies you can obtain.
Service-oriented staff. Most of our support team members are so passionate about their jobs that they have been with Hilb for over 10 years. This means less turnover, and experienced dedicated support for an outstanding customer experience.
Be prepared when the unexpected happens.
Learn more and get a quote today.