Top 20 Occupations Buying Disability Insurance

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The Top 20 Occupations Buying Disability Insurance

by Bill Olmsted
E-Mail Bill Olmsted

For the past decade, DisabilityQuotes.com has provided long term individual disability insurance quotes to individuals nationwide. In that time, we have seen tens of thousands of people request quotes and buy policies. In a recent review of the data of those who purchased a policy from our firm, it was interesting to see which occupations actually purchased an individual disability insurance policy, and with what optional policy features that compliment their occupation. Is your occupation on the list? Do you have your own individual disability insurance policy?

The Top 20 Occupations Buying Individual Disability Insurance
#	Occupation	What Makes Guardian's ProVider Plus Policy Offering Attractive
1.	Dentists	True Own-Occupation with Dental Specialty Language, Recovery Benefits for up to the entire benefit period
2.	Attorneys	True Own-Occupation; Non-Cancellable & Guaranteed Renewable; Graded Lifetime Indemnity for Total Disability Rider
3.	Executives	True Own-Occupation; Supplemental Coverage Above Group LTD
4.	Anesthesiologists	Medical Specialty Own-Occupation; Unlimited Recovery Benefits For Up To Entire Benefit Period
5.	Surgeons	Medical Specialty True Own-Occupation
6.	Sales Professionals	Unlimited Recovery For Up To The Entire Benefit Period
7.	Radiologists	Medical Specialty True Own-Occupation
8.	Emergency Medicine Physicians	Medical Specialty True Own-Occupation
9.	Orthopedic Surgeon	Medical Specialty True Own-Occupation
10.	Consultants	Recovery Benefits; Portability
11.	Managers	True Own-Occupation or Modified Own-Occupation
12.	Business Owners	Recovery Benefits
13.	Engineers	True Own-Occupation or Modified Own-Occupation; Recovery Benefits
14.	Internal Medicine Physicians	Medical Specialty Own-Occupation; Recovery Benefits
15.	Family Practice Physicians	Medical Specialty Own-Occupation; Recovery Benefits
16.	Obstetrician and Gynecologists	Medical Specialty Own-Occupation; Recovery Benefits
17.	Cardiologists	Medical Specialty Own-Occupation; Recovery Benefits
18.	Ophthalmologists	Medical Specialty Own-Occupation; Recovery Benefits
19.	Veterinarians	Medical Specialty Own-Occupation; Recovery Benefits
20.	Insurance Agents	Recovery Benefits for up to the entire benefit period, no loss of time or duties requirement

As you can see, there are a few aspects of a ProVider Plus policy that routinely recur as important benefits to clients. ProVider Plus’ true own occupation definition of total disability available to those in the medical and dental fields provides true specialty level protection. Furthermore, for those occupations that are not salary based, but whose income is derived from performance, or fee for service, ProVider Plus’ recovery benefits built into the Residual Disability Benefit Rider* can be extremely valuable, providing income once the insured has returned to work but still suffers a loss of income due to an injury or sickness.
There are certainly many other occupations that should consider protecting their income with a good quality individual disability insurance policy. The list above is simply our experience over a decade of helping people secure their income. If your occupation is on the list (or even if it isn’t), and you haven’t taken the step to request a quote, I’d encourage you to do so!

Disability income products underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY. Product availability, provisions and features may vary from state to state.

*Optional riders are available for an additional premium.

*William Olmsted, Registered Representative of Park Avenue Securities, LLC (PAS), 1355 Piccard Drive, Suite 380, Rockville, MD 20850. Securities products and services are offered through PAS, 240-683-1400. Field Representative, The Guardian Life Insurance Company of America (Guardian) New York, NY. PAS is an indirect, wholly-owned subsidiary of Guardian. PAS is a member of FINRA, SIPC.

The views and opinions expressed herein are solely that of the author and do not reflect the views and opinions of The Guardian Life Insurance Company of America, or its subsidiaries or affiliates thereof.

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