Disability Insurance for Optometrists
You spend your day with first hand knowledge of vision problems and eye diseases. You see many people on a daily basis with cataracts, age related macular degeneration, diabetic eye diseases, and glaucoma. We're not going to spend time here trying to explain the need for individual disability insurance to you. If you experienced some of these diseases yourself, your ability to continue to earn an income could be inhibited.
ProVider Plus is an individual disability insurance product that is very comprehensive for an optometrist. Every disability insurance policy uses an occupational class system, which is one factor that determines your rate, and with Guardian's product offering an optometrist has the absolute best occupational class available, a 6M. You pay the lowest rate possible for a disability insurance policy offered by Guardian. If you are a member of a local optometric association that endorses Guardian, your rate can be even lower. Our agency will help you to identify every possible discount available to you, to reduce an already low rate.
The ProVider Plus disability insurance policy offers you a true own-occupation definition of total disability to age 65 or 67. This protects you if solely due to sickness or injury you are unable to perform the material and substantial duties of your occupation, even if you could work in some other occupation. You have spent many years training for your occupation as an optometrist, and this policy will pay you a total disability benefit for up to the entire benefit period even if you could work in some other capacity. It is quite simply, some of the most comprehensive level of disability insurance protection you can own in your occupation.
|Most Common Optional Riders1 for Optometrist Clients Based Upon the Age, Gender, & Benefit Amount Selected|
|1. Residual Disability Benefit Rider||87.71%|
|2. Future Increase Option Rider||59.22%|
|3. 3% Compound Cost of Living Adjustment (COLA) Rider2||51.40%|
|4. Automatic Benefit Enhancement Rider||23.46%|
|5. Catastrophic Disability Benefit Rider||21.23%|
|6. 4-Year Delayed COLA Rider2||18.99%|
|7. Basic Residual Disability Benefit Rider||7.26%|
|8. Basic COLA 3||5.03%|
|9. Social Insurance Substitute Rider||3.35%|
|10. Benefit Purchase Rider||2.79%|
While Guardian does offer the best definition of total disability available, it is not the only feature that makes buying a policy from Guardian an excellent choice for you. The Residual Disability Benefit Rider available with the ProVider Plus does not require a loss of time or duties to pay a claim. This rider also includes a built-in recovery provision that may consider you residually disabled for the full benefit period as long as there is a 15% loss of income due to injury or sickness, which just may be the most important area of a DI policy. The competition requires a 20% loss of income, any some require a loss of time and duties as well. This allows ProVider Plus to pay earlier, and longer than the competition.
This is one of the most comprehensive levels of disability insurance protection an optometrist can own, and with the occupational class 6M rates, it is an excellent choice for you. Call our office toll free at 888-513-2300 to discuss a proposal with one of our disability insurance specialists today.
Click here for important information regarding the statistics and information displayed on this page.
1. Optional riders are available for an additional premium.
2. This benefit is not necessarily protection against increases in the cost of living.
3. Retirement Protection Plus is not a pension plan or a substitute for one.