What is Disability Insurance for Physicians and Surgeons?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Disability Insurance for Physicians and Surgeons

Disability insurance for physicians and surgeons is a specialized type of insurance that provides income protection in case they are unable to work due to illness or injury. This insurance is crucial for medical professionals as it safeguards their financial stability.

Key Features Of Disability Insurance For Physicians and Surgeons

  • Income Replacement: Typically covers 50-60% of pre-disability earnings.
  • Own-Occupation Coverage: Pays benefits if unable to perform the specific duties of one’s medical specialty.
  • Waiting Period: Time between disability onset and benefit commencement, usually 30-90 days.
  • Benefit Period: Duration benefits are paid, ranging from a few years to retirement age.
  • Non-Cancelable Policy: Guarantees premium rates and policy terms won’t change.


  • A surgeon develops a hand tremor, preventing surgical duties. Own-occupation coverage ensures benefits even if they can work in another medical field.
  • A physician diagnosed with a long-term illness receives benefits for the duration specified in their policy, assisting with living expenses and medical bills.

Key Terms and Definitions

Own-OccupationInsurance pays if you can’t perform your specific medical role.
Residual DisabilityPartial benefits if you can work but with reduced capacity.
Non-CancelableEnsures your policy terms and premiums remain unchanged.
Benefit PeriodThe length of time disability benefits are paid.
ExclusionSpecific conditions or activities not covered by the policy.

Benefits of Disability Insurance for Medical Professionals

  • Financial Security: Provides a steady income stream during disability.
  • Career-Specific Protection: Tailored to the unique risks in the medical field.
  • Peace of Mind: Allows focus on recovery without financial stress.


Disability insurance for physicians and surgeons is an essential tool for protecting their financial well-being in the face of unexpected illness or injury. It offers tailored coverage options that consider the unique aspects of medical professions. Understanding and choosing the right disability insurance ensures continuous income and peace of mind during challenging times.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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