True Own Occupation Disability Insurance for Physicians

Get quotes for specialty specific true own occupation disability insurance, a type of income protection that allows you to receive full benefits even if you work in a different occupation or medical specialty.

 

The Gold Standard

True Own Occupation disability insurance is the gold standard for income protection for physicians due to the freedom it offers to work in an alternative occupation or medical specialty without a reduction in disability benefits, creating a path to full income replacement.

Example

A Cardiologist is diagnosed with Multliple Sclerosis, rendering him or her unable to perform surgery or work under stress.

With True Own Occupation Disability Insurance, full benefits are payable without offset even if there are earnings from a different occupation while the claim is being paid, such as:

  • Teaching at a University

  • Government work

  • Consulting, perhaps self employed

  • Research work

  • Primary Care or other medical specialty

  • Starting a business

What Does the "True" in True Own Occupation Disability Insurance Mean?

"True" Own Occupation coverage is not the same thing as own-occupation coverage.  

  • Without the "true", a person on claim is not allowed to work without the possibility of a reduction of benefits or disqualifying themselves from benefits altogether.

  • True own occupation permits unlimited earnings in another occupation while disabled from one's own occupation, without reducing benefits, creating a path to 100% income replacement or more.  It is the "more" part that makes true own occupation disability insurance especially unique.

  • "Specialty" true own occupation may be included.  Specialty language is arguably a marketing gimmick because the specialty is entered on the application anyway, which is part of the policy itself.  Also, at the time of claim insurers look at how the individual has been performing their occupation, which subsumes the specialty question in the absence of broadening language.  Nevertheless, specialty language is reassuring.

Carriers use different words to describe the true own occupation concept.  Besides "true," it may also be referred to as "regular" own occupation (Principal) or "pure" own occupation (Ohio National), or just plain own occupation without a moniker (MassMutual) which is how the industry originally labelled it decades ago.      

True own occupation always requires a rider, for additional cost.  The base policy alone, stating "own occupation," is not sufficient because the base policy will define disability with a not-working requirement.  Only through the attachment of the correct rider is it possible to waive the not-working requirement and be "true" own occupation.

Healthcare occupations eligible for true own occupation disability insurance

Acupuncturist

Administrator

Allergist

Anethesiologist

Anesthetist

Audiologist

Assistant (medical or technician)

Cardiologist

Case Manager

Certified Medical Aide

Certified Nurse's Aide

Colorectal Surgeon

Coroner

Critical / Intensive Care Physician

Dentist

Dentist (pediatric)

Dermatologist

Dosimetrist

Ear Nose & Throat (ENT) Physician

Electrophysiologist

Emergency Room Physician

Endocrinologist

Endodontist

Epidemiologist

Family Practice / General Practice Physician

Gastroenterologist

General Surgeon

Genetics Physician

Geriatrician

Gynecologist

Hematologist

Hepatologist

Hospitalist

Immunologist

Infectious Disease Physician

Inhalation Therapist

Internal Medicine Physician

Midwife

Moh's Surgeon

Neonatologist

Nephrologist

Neurologist

Neuropsychiatrist

Neurosurgeon

Nuclear Medicine Physician

Nurse Anesthetist (CRNA)

Obstetrician

Occupational Medicine Physician

Oncologist

Ophthalmologist

Oral & Maxillofacial Surgeon

Osteopath (DO)

Othodontist

Orthopedic Surgeon

Otolaryngologist

Pain Management Physician

Paramedical Examiner (RN, office duties only)

Pathologist

Pediatrician

Perfusionist

Periodontist

Physiatrist

Physical Medicine & Rehabilitation / Physiatrist

Physician's Assistant

Plastic Surgeon

Podiatrist

Proctologist

Prosthodontist

Psychiatrist

Psychoanalist

Psychologist

Psychotherapist

Pulmonologist

Radiation Therapist

Radiologist

Registered Nurse (RN) - office, clinic only

Respiratory Therapist

Rheumatologist

Speech Therapist

Sports Medicine Physician

Surgical Assistant

Thoracic Surgeon

Toxicologist

Urgent Care Physician

Urologist

Vascular Surgeon

Venous Disease Specialist

Veterinary Anesthesiologist

Don't see your occupation?  Please ask.

Get Started

Get quotes for true own occupation disability insurance.

 

Disability Underwriters

1420 5th Avenue   Suite 2200

Seattle, WA     98101

(206) 673 2219