With the recent enhancements to its Radius Disability Insurance plan, MassMutual disability insurance is intent on not taking a back seat to any of its competitors in its professional disability insurance products. As one of just six disability insurance carriers that offer a true Own Occupation
Disability Statistics vs. Common Misperceptions
As Disability Insurance Awareness Month draws to a close, we thought it pertinent to revisit the results of a survey conducted by the Council of Disability Awareness back in 2011. The survey looked into the attitudes and knowledge consumers have over matters related to becoming disabled and then
Physician Residual Disability Benefit Critical for Max Protection
While there is no actual data available that indicates the percentage of physician disabilities which are partial, as opposed to total, our experience indicates that it is very nearly half and half. A partial disability due to an illness or injury may prevent a physician from performing some of his
Business Overhead Expense: A Real Risk that Needs a Real Solution
Any medical or dental practice that relies on one or two people to generate revenue is especially vulnerable to financial problems in the event of a disability. Disability income benefits are usually sufficient to replace a disabled practitioner’s income, but are typically insufficient when it comes
Physicians Should Base Disability Insurance on Reality, not Rules of Thumb
In countless blog posts here we have stressed the importance of understanding the definition of “disability” in choosing a physician’s disability insurance plan. More than any other type of professional, physicians must be able to protect their specific occupation and specialty from the prospect of
Will Your Disability Policy Protect You at the Next Level?
Will Your Disability Policy Protect You at the Next Level?The medical profession is unusual in many respects, but one in particular sets it apart from all most other professions; and that is the meteoric rise in income most medical professionals experience beginning the day they complete their
A Physicians Guide on How to Retire: Bringing on a New Physician
A Physicians Guide on How to Retire: Bringing on a New PhysicianLooks like retirement is just around the corner. You've determined the value your practice, but what is next? One of the final steps in a physician’s retirement process is the transition of staff. Deciding on an appropriate physician to
A Physicians Guide on How to Retire: Determining Value
A Physicians Guide on How to Retire: Determining ValueAt some point, no matter how much you love your career, you will want to retire. For physicians, it may come sooner than later. Retirement for physicians isn't as simple as turning 65 and not showing up the next day; it will take months of