What is the ‘Specialty Occupation’ Definition of Disability?

A question we’re commonly asked is,“What is the ‘specialty occupation’ definition of disability? This states that you’re totally disabled, if due to illness or injury, you’re unable to perform the material and substantial duties of your occupation at time of claim. If you’re a physician or dentist, your occupation can mean a specific, professionally recognized specialty or subspecialty. This definition allows you to earn any amount of income from a different job while on claim and continue to receive full policy benefits. For example, a surgeon becomes disabled because of a back problem…

Why do I have to go through medical underwriting to get specialty disability insurance?

You might be wondering, “Why do I have to go through medical underwriting to obtain specialty disability insurance?” Medical underwriting approval is what allows insurance companies to provide the premiere specialty disability coverage at an affordable and often discounted premium. Specialty disability coverage is the best coverage available. Structured properly, it’s relatively black and white…if you cannot perform your specific occupation due to illness or injury, you receive benefits. Most group long-term disability policies are required to cover all employees regardless of health. So the less healthy people are combined into the same…

I shop around quite a bit with before I buy anything. One thing that I quickly learned while looking into disability insurance is that the only difference between multiple insurance specialists is just the broker him/herself. There are only a very select few insurance companies that offer what plans we really need as doctors and typically the rates don't change between insurance brokers. I 100% recommend Billy and am super happy that I found him online. First and foremost, he actually cares about his clients and is always available. A simple text or email to him and he replies almost immediately. Just recently, he called me on my birthday asking how I was doing and sent me a Christmas card. Seriously, who does that?!?! Secondly, he is full of the crucial knowledge that we as physicians just don't have a grasp on when it comes to all the important riders that a true-own-occupation disability policy needs to have. He never tried to up-sell me anything, but rather took the time to explain each option clearly so that I could make my own informed decisions. I even bought my life insurance through him since it was so easy to get set up. Without any hesitation, I recommend going with Billy. My family's future is secure no matter what may happen thanks to his help.

-Dr. Christian, Orthopaedic Surgeon

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