Disability Insurance for OB/GYN's

Why Guardian Long Term Disability Insurance

Physician disability insurance is a very complicated matter, and we understand protecting your income is not an area you would like to make a mistake. Much of your income as a gynecologists is already going to malpractice insurance, and running your practice, so buying a personal disability insurance policy is not a decision you take lightly.

Having said that, it is an area you could make a big mistake. There are many disability insurance policies on the market from associations and other carriers that do not do an adequate job of protecting your income, as a medical specialist. Guardian offers some of the most comprehensive levels of disability insurance an OB/GYN can own.

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Own-Occupation For an OB/GYN with Medical Specialty Language

The first thing you should do when evaluating your choice in policies is to review the definition of total disability. There are several carriers offering own-occupation in some form or another, but very few have medical specialty language built into the definition of total disability, and Guardian is one of them.

If solely due to sickness or injury you are unable to perform the material and substantial duties of your medical specialty, Guardian would consider you to be totally disabled. They would still pay you a total disability claim even if you could work in some other capacity, no matter what you earned in that other occupation. This is the most comprehensive definition of total disability available to an OB/GYN on the market, no other carrier can offer you a more comprehensive definition in this industry.

Other Disability Insurance Policy Advantages

1. Residual Disability Rider - Most carriers require a 20% loss of income to trigger residual benefits, Guardian only requires a 15% loss of income allowing them to pay sooner and longer than most carriers.
2. Recovery Benefit - ProVider Plus offers a Residual Disability Rider with a recovery benefit for up to the entire benefit period to age 65 or 67 as long as your income loss is at least 15% of your prior income. Other carriers only offer recovery benefits for a limited period of time or as a lump sum payment. This allows you to continue receiving benefits until your income financially recovers, not just until you physically recover.
3. Graded Lifetime Extension Benefit - Guardian is one of very few carriers left offering the graded lifetime indemnity for total disability rider.
4. Association Discounts - Guardian is endorsed by many state and local medical associations, and if you are a member of an endorsed association we can provide you a 10% discount.
5. Financial Strength - Guardian is one of the largest mutual life insurance companies in the United States with excellent financial ratings from A.M. Best, Standard & Poors, and other ratings agencies.
6. We're Number 1- Guardian and Berkshire have been the number one individual non-cancellable disability insurance company since 2006 according to the LIMRA reports based on non-cancellable disability insurance production.

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*Source: LIMRA