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Many new disability insurance claims have been paid based upon mental and
nervous disorders, Berkshire treats these as any other illness in every
state except for Florida. Some of our competitors have put a two year benefit
cap on these types of disabilities. In today's world we realize that mental
and nervous illnesses do cause people the inability to perform the material
and substantial duties of their regular occupation, they do make up a large
percentage of the disability insurance claims we pay. Why would you take
a disability insurance policy that restricted payments for these types of
disabilities to a maximum of two years when you see on a regular basis what
they can do to people.
Disability Insurance and The Role of An Own-Occupation Definition of Total Disability For Mental Health Professionals
In a specialized profession that has required a great deal of education,
an own-occupation
definition of total disability is the best option for someone considering
disability income insurance. Considered the most liberal definition available,
own-occ policies consider an individual to be totally disabled if he or
she is not able to perform the material and substantial duties of their
occupation. You will be considered totally disabled even if you are at
work in some other capacity, so long as you are not able to work in your
occupation. For social workers, we offer a disability insurance policy
which pays own-occ benefits for the first five years of a claim, with
a modified own-occ definition thereafter. Psychiatrists and psychologists
can have own-occupation disability insurance to age 65.
Another Advantage of our disability insurance contract is the fact that
Berkshire will treat mental and nervous claims as any other illness, with
no written limitations in any state except for Florida. In Florida there
is a two year maximum payout for claims derived from drugs, alcohol, mental
or nervous disabilities.
| Possible Discounts for Mental Health Professionals |
| Preferred Risk - 5% off |
| Non-Tobacco User - 15% off |
| Association - 10% off - for qualified associations |
| Employer Sponsored - 10% off - 2 or more people in the same company |
| Multi-Policy - 5% off - if more than one contract with Guardian |
The Two Hats You May Wear
If you are an owner, or partner in the practice, we invite you to take a look at the small business owner section of this web site. There are several items that need to be addressed to protect your business as well as your personal income in this section. We'll discuss business overhead protection, buy-sell planning, and loan protection.
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