You’ve known your entire life that you wanted to be a doctor but you weren’t sure what kind. You finally decided on a specialty and now find yourself a resident Anesthesiologist in medical school. Congratulations being and Anesthesiologist is one field of medicine that offers a doctor many possibilities. Your earning potential is sky high but you’ve got to make sure its protected. Additionally, make sure that when you purchase your disability insurance policy that you have Own Occupation Protection.
You’ve heard about Own Occupation Protection for your personal disability income protection policy right? Just in case you have not, I’m going to break it down for you right here. Basically, it is a clause in your disability insurance policy that spells out how it specifically protects you as an Anesthesiologist. It is important to understand the various definitions in your disability protection policy and one of the most important is Own Occupation. The interesting thing is that each disability insurance company has their own definition most with at least two different ones. As an Anesthesiologist you understand that for example a broken bone means something quite specific but you also know that there are different types and degrees. So it is with Own Occupation protection. You really need to delve into each policy that you are looking at to determine which disability insurance policy is right for you as an Anesthesiologist. Don’t just accept that the claim of a own occupation/specialty specific is the one for you. Ask for a sample policy that illustrates exactly what the definition means.
Seems like a lot of work doesn’t it? It can be and as a resident your time is a valuable commodity. That is why at www.Incomeprotectionspecialist.com we offer to take the guess work and leg work out of this for you. There are so many companies and options available to you and an Anesthesiologist and the most important thing to remember is that you must get the best protection for your most valuable asset, your ability to earn an income. Feel free to email us or give us a call we are happy to help. You can also check out this link to broaden your understanding of Total Disability Definitions.
