Female physicians typically pay premiums that are twice as high as their male colleagues. Why? Because claims history shows that females file for disability insurance benefits at a rate twice as high as men do and thus the insurance companies must adjust for the additional risks that come with insuring female doctors. Hence the higher and sometimes cost prohibitive premiums.
There is a little known secret out there is that female physicians can reduce their premiums anywhere from 40 - 60%, depending on their age and medical specialty. How?
If a female doctor is in a group practice that has 3 or more doctors in it, then she may qualify for a "unisex" rate, which is a blend of female and male rates. She can earn this permanent discount if at least 3 or more physicians in her group purchase a disability policy from the same carrier, and if the agent or broker knows what they are doing (which isn't a guarantee unfortunately). It's as simple as that.
So if your practice has 3 or more doctors in it, then call me at (800) 729-6929. Let me tell you how much we can save you, because own -occupation disability insurance shouldn't cost you an arm and a leg. And if it is, then you really need to call me.
