Most physicians do not have enough disability insurance to replace their income if they become sick or injured and are unable to continue working. Traditional disability insurance typically only pays up to 60% of a doctor’s monthly income. What would you do if something happened and your income was suddenly cut by 40%? How would you pay the mortgage, car payments, tuition, and other obligations? There is a way to cover that gap: Keane’s $3,000,000 lump sum disability insurance.
The Keane Insurance Group now offers a Guaranteed Issue lump sum disability insurance designed for physicians. Guaranteed Issue means no medical exam is required to purchase up to $3,000,000 in coverage. Physicians must have been working full time for the last 180 days and meet the income requirements. There are no lengthy applications either. In fact enrollment is an easy online process that takes about 10 minutes.
- Guaranteed Issue up to $3,000,000
- Tax-Free Benefit
- Higher Limits Available with Underwriting/Medical Exam
- Designed Exclusively for Physicians
- Specialty and Practice Specific
- Rates Guaranteed for 5 Years
- Underwritten through Lloyd’s of London
- Rated A (Excellent) by A.M. Best
- Stacks on top of current disability plan
Rates are based on current age. Click here to get your no-obligation free quote. The website has a list of FAQs as well as a video explaining the plan. You can also download a copy of the policy if you’d like to check out the details.
The Keane Insurance Group began offering lump sum disability insurance for physicians in January 2013. The program has been so successful that we were able to expand the guaranteed issue benefit from the original $1,000,000 limit up to the current $3,000,000 limit in 2014. The coverage is part of Keane’s Private Client Group of benefits. Keane clients can enroll in our lump sum disability insurance plan from 30 days prior to their medical malpractice insurance renewal through 30 days following the renewal month.
What if you aren’t a Keane medical professional liability insurance client? Contact us for a quote. We are one of the largest independent malpractice brokers in the nation, with over 30 insurance carriers, discounted programs, and low rates for any specialty in any state. Get a quote to compare to your current coverage here. Or call 1-800-966-7731. You can email us at info@keanegroup.com .