Are you an orthopedic surgeon? If so, your income is probably responsible for paying a significant portion of your family’s monthly expenses. Protecting that income with orthopedic surgeon disability insurance makes a lot of sense.
What Does Disability Insurance Do?
When it comes to protecting your income, it’s important to understand the role of orthopedic surgeon disability insurance. Simply put, your financial stability relies on your income. It’s what makes everything else possible. What happens if you’re unable to work, though? Yes, you likely have some savings put away, but you shouldn’t have to dip into that. Also, what happens if you’re out of work for weeks, months, or even years? Your savings will be completely depleted. Orthopedic surgeon disability insurance can help prevent this from happening.
Don’t I Have Insurance?
Put simply, chances are good that you don’t have any income coverage from an existing insurance policy. Health insurance, auto insurance, and the like don’t provide income protection. You also cannot count on worker’s compensation, as most of the injuries and illnesses that might affect you don’t stem from the workplace.
As an orthopedic surgeon, you probably make between $99,000 and $504,000 per year or more. That income goes to meet your financial obligations, and protecting your income makes a lot of financial sense.
What We Can Do For You
With our help, you can:
- Review orthopedic surgeon disability insurance rates from top-rated insurance companies
- Receive quotes from national insurers you know and trust
- Learn what you need to know about this type of insurance coverage
How Disability Insurance Works
Disability insurance for orthopedic surgeons works like any other type of disability insurance. If you are out of work for a specific period of time due to an injury or an illness, your disability policy will kick in after you have met the provisions of your policy. It will pay you a percentage of your average monthly income, and you can use that money to pay for whatever it is that you need, from medical school bills to your home mortgage.
We Help You Make the Right Choice
Finding the right insurance provider can be difficult. This is particularly true if you have never bought disability insurance before. You need to make an informed decision regarding the policy and coverage terms available to you, but how do you do that?
We’ll help you compare orthopedic surgeon disability insurance quotes, coverage areas, coverage amounts, insurance providers, and more. We have years of experience working with high-income medical professionals, and we want to ensure that you’re able to enjoy the protection and peace of mind that you deserve. We work with insurance companies that you know and trust and provide you with expert guidance throughout every step of the process.
Do you really need orthopedic surgeon disability insurance?
The answer is a resounding yes. You could be injured at home doing routine yard work, or on the way to work. You could suffer from an illness like cancer and find yourself unable to work. Where would you turn for financial relief in those situations?
Your worker’s compensation, health insurance, and auto insurance will only provide limited coverage for your medical costs, but what you will need then is a replacement for your lost income. This can be provided only through surgeon disability insurance.
As an orthopedic surgeon, you have dedicated years in developing your surgical skills. When you look for a surgeon disability insurance you need to make sure that it will protect your working specialty, meaning, your professional knowledge, and skills. This can be done through an “own occupation” insurance policy that will provide benefits if you’re unable to perform the specific duties your job involved due to an illness or an injury.
We can help you find an insurance provider that offers the right set of conditions for your own occupation policy. We work with hundreds of insurance companies across the country so we can find the one that is the closest to you and offers the best conditions fit for your needs.
How Your Disability Rates Are Calculated
Insurance companies group occupations into specific classes based on documented risk for a particular job. These classes look at the hazards of your job and the difficulty returning to work following a long or short-term disability.
Every insurance company ranks the factors to determine the cost of a policy – age, gender, income, the health of the individual, location, and specialty. These factors are analyzed carefully to determine the overall cost of occupational disability insurance. Then, insurance companies rank the risks on a scale of 1 to 6 and many use the letter M to designate medical professions. Typically, the higher the numerical value of the classification, the lower the premium rate will be.
Disabilities and You
Think that you’re not at risk of being injured and unable to work because you’re not in a high-risk industry for injuries? That’s not the case. There’s a 21% chance that you’ll sustain a disability that lasts at least three weeks before you turn 65 if you’re currently age 40 or older.
Most of us don’t put a lot of stock in the idea that we could become disabled, but the fact is that nearly a third of the American workforce will find themselves unable to work at some point before retirement age. Those are long odds, and it does not make sense to gamble with your financial future. Orthopedic surgeon disability insurance can help mitigate the situation.
Look for Unisex Rates
Because women are more prone to develop a disability they pay higher disability insurance rates than men, the disability rates they pay are higher than those men pay. It’s important to find a provider that will offer unisex rates fit for your financial needs, and we are here to help you do that. We look through hundreds of insurance providers to find an orthopedic surgeon disability insurance policy that best suits your needs and your lifestyle.
We can help you find the financial stability and peace of mind that you need and deserve with orthopedic surgeon disability insurance. Contact us today at 1-877-221-6198 to learn more about how we can help, or use the convenient form on this page to drop us a line.
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