Maintaining comprehensive disability insurance is important for any professional, but particularly those who are highly specialized. Podiatrists need disability insurance just as much as any medical professional but are often faced with some unique challenges. Our firm can help Podiatrists evaluate the options available and ultimately apply for the policy that best fits their needs and budgets. Since we represent multiple insurance companies, we can provide you access to the most favorable coverage and competitive pricing available.
Own-Occupation for Podiatrists
The true Own-Occupation definition of total disability is thought to be the most consumer-friendly definition of disability offered. Only policies with this definition will pay benefits when an injury or illness prevents you from performing the duties of a Podiatrist or Podiatric surgeon, even if you are able and decide to work in some other capacity. Unfortunately, many of the insurance companies that generally offer this favorable definition do NOT offer it to Podiatrists. It is therefore critical that you review your options carefully and apply for one of the few policies that do.
Other Important Policy Features
Depending on your circumstances, there may be other features and optional policy riders that you should include in your personal coverage. Below is a list of the features that we most often recommend:
- Non-Cancellable & Guaranteed Renewable
- Own-occupation definition of disability
- Residual disability benefits
- Cost of living adjustment rider
- Future increase option
Massachusetts Mutual & Berkshire Life’s Policies
We evaluate every case based on an individual’s specific circumstances and review policies from each of the insurers we work with, but have consistently found the policies offered through Berkshire Life Insurance Company of America and Massachusetts Mutual Life Insurance Company, to be leading options for Podiatrists. Both insurers offer comprehensive coverage and competitive rates. If you have not already, it could be worth reviewing the policies available through these insurers.
Call 800-817-4522 or submit a quote request today. We’ll email your personalized quotes and recommendations within 24 hours, help compare your options and ultimately help you apply for the policy that best fits your situation.