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Disability
income insurance can make up the difference between the money you need
to replace your lost income and what other programs will give you (social
security, savings, etc.)
Massachusetts Medical Society Special Membership Discount
Members of the Massachusetts Medical Society are automatically eligible for a discount
of up to 40% off premium rates for individual coverage.
This coverage is true “own occupation” guaranteed non-cancelable coverage that you own.
The policy you purchase while you are a member of the Massachusetts Medical
Society stays in force at the discounted rate even if you discontinue your
membership, as long as you pay your premiums on time
Rates are available only through this special membership discount. You cannot
obtain this coverage at this price on your own or through any other broker.
Female doctors will benefit greatly from unisex rates.
Policies can be customized with all optional riders.
Up to $15,000 tax-free
monthly benefit available.
You can get the highest quality individual coverage at the lowest obtainable
price. This is an exclusive offer designed with your specialty in mind and
is just for MMS Members.
Consider carrying
enough coverage to replace at least 60 percent of your earnings. Many
companies limit
benefits to between 50 percent and 80 percent from all sources of disability
income prior to the disability. This would mean, for example, that the
amount of any Social Security disability payments you receive would
be deducted from
your benefit amount.
Remember, private disability benefits are usually
tax-free. Consider extending the time between when the disability occurs
and when you
start receiving benefits. Choosing a 90- or 180-day waiting period instead
of a 30-day waiting period can lower your cost substantially.
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