The practice of medicine has come a long way in the last 100 yrs. Just look at the BBC series “Quacks” and that should give you some point of reference. The development of specialties and sub-specialties has created entirely new ways of practicing. Take Anesthesiology for example, a specialty that was limited to primitive drugs at the turn of the 19th century has spawned numerous sub specialties like Pain Management, Surgical Anesthesia and the like. Each of which take years of training to begin practicing professionally. Considering all that you have invested in your career, it is crucial that you cover yourself from the financial impact of a disability with a specialty specific, own occupation disability insurance policy. You need to understand how this disability policy will work for you in your specialty.
All policies are unique to their respective owner. Your personal disability income protection policy will be written to cover your duties for instance of you as a Surgical Anesthesiologist, Radiologist, ENT etc. However, when a disability arises you may no longer be able to perform in that area should it be permanent. The Own Occupation clause allows you to earn an income in another area of medicine or field and continue to collect your benefits. This is wonderful because it provides you with options.
My hope is that you have a basic understanding of the value to owning a specialty specific policy and the benefits that can be derived from it. IncomProtectionSpecialist.com has been assisting physicians just like you to secure the policies necessary to cover you in your area of expertise for 30 yrs. Give us a call or email us and ask us about this invaluable coverage.