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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.)
Selection of Products
• PIAM offers a flexible selection of policies to fit physicians’ needs.
• Individual coverage
• Group coverage
• Own-Occupation for most specialties
• Special
Retirement Contribution coverage
• Range of
monthly benefit programs
• Creative
product designs
• High quality
carriers
Affordable Coverage
The amount you pay depends on your choice of
• Policy type
• Elimination period
• Monthly benefit
• Benefit period
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.
Underwriting Concessions*
*No financial underwriting for students, residents and 1st year physicians.
Expert
Services
PIAM Financial Services advisors work exclusively with physicians and
health care organizations.
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