“When it comes to protecting your income you want Own Occupation Protection”. These words typically accompany a disability insurance pitch to medical professionals. But what exactly does Own Occupation mean? Unfortunately the term Own Occupation is a generic, vague and thrown around by way to many agents that don’t actually understand the term. The truth is that Own Occupation as a definition varies between companies. To complicate things further each company has at least 2 different definitions of own occupation they commonly quote.Thus you must be willing to research each and every policy to determine how the definition reads and whether it is suitable for you. If someone claims to have an own occupation/specialty specific definition, please request a sample policy with the actual language. That way you can compare it with other policies. To simplify your research we have attached a link to broaden your understanding of Total Disability Definitions.
