Guardian Disability Insurance Brokerage

Resident Physician Disability Insurance

We have several packages available to resident physicians. Berkshire's graded premium schedule allows residents to purchase larger amounts of coverage at lower premiums. The ProVider Plus policy released in 2008 now has even lower initial rates for graded premium schedules than ever before, allowing you to buy high end disability insurance for your future earnings without breaking the bank now.

As a resident physician Berkshire understands that you are the future of the medical community. It is extremely important that while you work to establish yourself among your chosen field, you protect your present and future income in the unfortunate event of a sickness or injury. By purchasing your policy now, you are not only taking advantage of lower costs, but also protecting your future earnings potential.

Graded Premium Policies

The Provider Plus disability insurance policy offered by Berkshire Life Insurance Company of America can be structured with a graded premium scale. This premium scale allows you to purchase up to $5,000 a month in coverage while still in training, and pay a much lower initial premium than a level premium policy. The graded premium scale continues to increase the premium every year, however we guarantee you the ability to convert your graded premium policy into a level premium policy at attained age rates at anytime before the age of 50.

If you compare the premiums on a graded policy to a level premium policy you would see that on average you save money in the early years of the policy. We recommend to all of our clients that you convert your graded premium plan within 5 years of purchasing it to a level premium for the remainder of the policy life.

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Graduating Residents / First Year Physicians

As a physician in your last year of training, you have a couple of options when it comes to disability insurance with Berkshire. You can take the special resident offer amount of $5,000 a month regardless of current income, or if you already have an employment agreement signed for your first year income outside of residency we will use that agreement as income verification to issue you a higher amount of coverage now. Quite often residents come to us in April, May and June with employment agreements for their first year income signed. With these agreements we are able to issue a much higher amount of coverage.

We offer these special limits for medical residents, interns and first year physicians. We will give you this amount regardless of your current income. You do not need to send in a tax return, or financial documentation with your disability insurance application.

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Own-Occupation Disability Insurance

One of the most important aspects of Berkshire's policy is that they offer own-occupation disability insurance to age 65 or 67 for all physicians. Most medical specialties also have unlimited coverage for mental and nervous disabilities.They are one of a few insurance carriers to offer a pure own-occupation definition of total disability, with no mental and nervous restrictions except for California and Florida, and for anesthesiologists, emergency medicine physicians, anesthetists, certified registered nurse anesthetists (CRNAs), and pain management physicians.

The policy is one of very few to offer medical specialty language in the definition of total disability. Many carriers offer, or market own-occupation to physicians, however Berkshire is one of few carriers to have medical specialty language in the contract which clearly states if you have limited your occupation to the performance of the material and substantial duties of a single medical specialty and due to injury or sickness are unable to perform the material and substantial duties of your medical specialty, then you will be considered totally disabled even if you are able to work in another occupation.

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