A New Special Limits Program – Up to $7,500 of monthly benefit for Medical and Dental Specialties
The Special Limits for Young Professionals program provides students, residents and first-year professionals the opportunity to obtain disability income insurance without proof of income, giving your agents a competitive entrée to a very lucrative market.
In a recent review of experience, market outlook and salary data, we have identified that typical first-year income within the broad first-year physician and dentist categories can vary considerably.
For that reason, we’re introducing a new Special Limits program that recognizes 13 new special limits for 22 specific first-year medical and dental professions, to protect the income they expect to earn in their specialties. These new classifications and limits are available immediately with new Berkshire ProVider Plus policy forms 1400 and 1500, where approved. They are not available with any other Berkshire or Guardian policy form.
New Occupational Categories and Higher Limits
This new program offers up to $7,500 of monthly benefit to qualifying first-year professionals—a significant increase over the previous limit of $5,000. See the following table for an overview of new categories and corresponding special limits within the medical and dental markets. Items highlighted indicate an increase in limits.
TeleMed Requirement and Policy Form Availability
The new classifications and limits are available with new ProVider Plus policy forms 1400 and 1500, where approved, and when TeleMed is utilized to gather all underwriting requirements. Existing program classifications and limits are available for policy forms 0100/1100/2100 or NC111/112 in California, or when TeleMed is not utilized. See the attached flyer in the “Marketing This New Program” section for complete details.
In a recent review of experience, market outlook and salary data, we have identified that typical first-year income within the broad first-year physician and dentist categories can vary considerably.
For that reason, we’re introducing a new Special Limits program that recognizes 13 new special limits for 22 specific first-year medical and dental professions, to protect the income they expect to earn in their specialties. These new classifications and limits are available immediately with new Berkshire ProVider Plus policy forms 1400 and 1500, where approved. They are not available with any other Berkshire or Guardian policy form.
New Occupational Categories and Higher Limits
This new program offers up to $7,500 of monthly benefit to qualifying first-year professionals—a significant increase over the previous limit of $5,000. See the following table for an overview of new categories and corresponding special limits within the medical and dental markets. Items highlighted indicate an increase in limits.
TeleMed Requirement and Policy Form Availability
The new classifications and limits are available with new ProVider Plus policy forms 1400 and 1500, where approved, and when TeleMed is utilized to gather all underwriting requirements. Existing program classifications and limits are available for policy forms 0100/1100/2100 or NC111/112 in California, or when TeleMed is not utilized. See the attached flyer in the “Marketing This New Program” section for complete details.
posted by Steve at
8:36 AM
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